U.S. Securities and Exchange Commission Chairman Gary Gensler gave comments related to the timeline of spot ether exchange-traded fund listing approval in a Thursday hearing at the United States Senate Committee on Appropriations.

When U.S. Sen. Bill Hagerty (R-TN) asked Gensler about the approval process for ether ETFs, Gensler estimated the approvals to occur sometime this summer.

"Individual issuers still are working through the registration process. It's working smoothly," Gensler said, adding that listing approval could occur "sometime over the course of this summer."

On May 23, the SEC approved spot ether exchange-traded funds (ETFs) to be listed. Industry leaders predicted that, after approvals, their trading could occur sometime in July or August, and likely before November.

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