SEC Chair Gensler skirts questions on ETH as a commodity

In a hearing on the fiscal 2025 budgets for both the Securities and Exchange Commission and the Commodity Futures Trading Commission, crypto was — of course — one of the big topics discussed. 

Senator Bill Hagerty, R-TN asked SEC Chair Gary Gensler about the timeline for a potential ETH ETF, to which Gensler seemed to confirm that the products would face final approval this summer.

“I would envision sometime over the course of the summer” that the individual issuers would be approved, Gensler answered.

This lines up with previous Blockworks reporting from Ben Strack, who wrote Wednesday that the SEC is still working to get comments back from the potential issuers. 


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