- SEC Chair Gary Gensler remains non-committal on Ether ETF decisions during CNBC interview.
- Delays in SEC approvals affect multiple firms, including Grayscale, Fidelity, and BlackRock.
- Analysts give mixed predictions on Ether ETF approvals, with key dates approaching in 2024.
Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), recently appeared on CNBC but did not provide any new information about the approval of Ether exchange-traded funds (ETFs). During the interview, when asked about the status and potential approval timeline for these ETFs, Gensler maintained that the SEC would handle these applications just like they did with Bitcoin ETFs, without disclosing any specific details or dates.
A Wave of Delays
The SEC has been taking its time with decisions on Ether ETFs, extending the review period for several applications from big names in the investment world. Among those waiting for a green light are Invesco Galaxy Ether ETF, Grayscale, Fidelity, and BlackRock, the latter being the largest asset manager globally. These delays have also affected other companies hoping to launch their own Ether ETFs, such as VanEck and Hashdex.
Anticipation Builds
Despite the SEC’s hesitancy, the investment community remains hopeful for a breakthrough, with key decision deadlines set throughout 2024. Analysts are speculating about when the SEC might finally approve an Ether ETF, with some expecting a group decision by late May. However, opinions on the likelihood of approval within the year have varied, with some analysts adjusting their expectations based on the SEC’s recent actions and statements.
As the crypto market watches closely, the SEC’s next moves could significantly impact the landscape of cryptocurrency investments, especially for those eager to see Ether ETFs become a reality.
