The agency’s chairman, Gary Gensler, has told investors to “stay tuned” to the US Securities and Exchange Commission’s (SEC) spot Ethereum ETF decision. Indeed, the agency is currently approaching a Thursday deadline to issue approval for the crypto-based investment product.
Prior to this week, the digital asset market was less than optimistic about the prospects of approving Ether ETF. However, that changed Monday, with Bloomberg increasing approval odds from 25% to 75%. Moreover, many expect approval to take place before the end of the week.
JUST IN: SEC Chair Gary Gensler says ‘stay tuned’ when asked about spot Ethereum ETFs decision.
— Watcher.Guru (@WatcherGuru) May 23, 2024
Also Read: Gary Gensler: SEC Has Done Very Well in Court on Crypto Cases
Gensler Says to ‘Stay Tuned’ to Ether ETF Decision
At the start of the year, the SEC greenlit the…
