Ethereum ETFs to launch this summer: Gary Gensler

During a Thursday hearing by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he anticipates the agency will approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) “sometime over the course of this summer.”

The SEC approved issuers’ 19b-4 filings on May 23 but also needs to greenlight their S-1s before spot ETH ETFs go live.

Meanwhile, Framework Ventures co-founder Vance Spencer believes Ethereum is a “tech-style growth play” that will become the app store of finance.

“ETH is at the forefront of the tokenization movement that’s really going to define the next few decades of traditional finance,” he said.

“People are going to be really surprised at the uniqueness of the scale of business Ethereum is going to generate from the tokenization wave,” Spencer added.