Gary Gensler stated that the speed of launching Ethereum ETF now depends only on the issuer.

Securities and Exchange Commission (SEC) Chairman Gary Gensler said the speed at which applications for a spot Ethereum ETF are approved depends entirely on issuers and how quickly they respond to the agency's comments.

For many analysts, this response was a signal that the SEC would not intend to delay the launch process.

On May 23, the SEC approved eight 19b-4 filings to launch ETFs, but they cannot begin trading without approval of the S-1 forms.

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