Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Ethereum checked the necessary box for an exchange traded fund after having traded as futures on the Chicago Mercantile Exchange for years, Gary Gensler told CNBC on Wednesday.
"Ethereum had been traded on the Chicago Mercantile Exchange futures for three-plus years. And the staff looked at that closely, and that was approved," Gensler said in the television interview."Now, the underlying exchange traded products still need to go through a process to have the disclosure about that. That will take some time, but they're working on that right now."
His updates didn't reflect the drama associated with this major moment for the digital assets sector, which would follow the January approval of the earlier bitcoin spot ETFs that already redefined the status ofas a trading asset. Gensler's tone does track, though, with another of his recent appearances, in which he indicated that once the D.C.
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