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SEC Chair Gary Gensler anticipates that Ethereum (ETH) spot ETFs will likely be approved by the end of the summer, with a potential increase in trading volume. Traders are taking advantage of Bitcoin price drops to increase holdings, with over $1.3B added recently.
BREAKING: SEC Chair Gary Gensler has reportedly told Senator Bill Hagerty that he thinks Ethereum #ETH spot ETFs will be approved this summer. https://t.co/MV0Oq2Tx45
ETH ETFS WILL LIKELY BE APPROVED BY "THE END OF THE SUMMER": GENSLER
SEC CHAIR GENSLER: TOLD SENATOR HAGERTY, HE ENVISIONS ETHEREUM SPOT ETF'S WILL LIKELY BE APPROVED BY THE END OF THE SUMMER.