Fox Business reporter Eleanor Terrett reports, via X, that SEC Chair Gary Gensler envisions Ether ETF approval by the end of the summer.
He made the comments during a hearing on the SEC's budget.
For now, Ether prices have reacted only modestly…
Notably, JPMorgan is skeptical about approval of further crypto ETFs after Ether.
JPMorgan strategist Nikolaos Panigirtzoglou pointed out that the US Securities and Exchange Commission considers most cryptocurrencies to be securities, which raises doubts about the approval of further crypto ETFs.
Watch the hearing here…
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