This Summer: Spot Ether ETFs Set to Hit the Market


Ether enthusiasts, take note: this summer, we’re likely to see the launch of spot Ether ETFs on the stock market.

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), recently confirmed that Ether ETFs are expected to begin trading this season.

Spot Ether ETFs coming to market this summer

During his testimony before the U.S. Senate Appropriations Subcommittee on Financial Services, Gensler was questioned about the approval of spot Ether ETFs. In late May, the SEC approved the so-called 19b-4 filings, which means that exchanges now have permission to list spot Ether ETFs.

A race against time for issuers

This approval came as a surprise to many issuers, prompting a rapid push to get their funds ready for launch. They are currently working around the clock to submit the necessary documents and finalize their procedures.

S-1 Filings – Before the ETFs can officially launch, issuers must submit S-1 filings, detailing how their ETFs will operate. These filings often undergo an intensive feedback process with the SEC, where every detail is reviewed and revised until the SEC is satisfied. Once the S-1 filings are approved, the spot Ether ETFs can officially go live.

Gensler: “We expect these procedures to be completed by this summer, allowing Ether ETFs to begin trading.”

SEC vs. CFTC: Who Regulates Ether?

The question of whether Ether (ETH) should be classified as a security or a commodity remains contentious. As usual, Gensler refrained from providing a definitive answer on this issue.

What Is a Security? – In financial markets, a security is a tradable financial instrument representing ownership, such as stocks or bonds. The SEC is responsible for regulating such securities to protect against fraud and deception.

What Is a Commodity? – A commodity is a basic good that is interchangeable with others of its kind, such as oil, gold, or in this case, cryptocurrencies. The CFTC oversees the trading of commodities and their derivatives.

Rostin Behnam, Chair of the Commodity Futures Trading Commission (CFTC), stated during the same session that Ether should be viewed as a commodity. This implies that the CFTC, not the SEC, should regulate these products, leading to a regulatory tug-of-war between the two agencies.

Uncertainty in the Crypto Sector

The ongoing ambiguity regarding Ether’s classification frustrates the crypto sector significantly. This lack of clarity not only hinders market development but also creates uncertainty for investors and businesses involved in the crypto industry.

Crypto Expert: “It is crucial for the sector that regulators quickly provide clarity on the classification and regulation of cryptocurrencies. This will contribute to a more stable investment climate and further acceptance of digital assets.”

What Are Ether ETFs?

Exchange-Traded Funds (ETFs) are investment funds traded on stock exchanges that track the price movements of an underlying asset. A spot Ether ETF directly follows the price of Ether, allowing investors to benefit from price movements without having to buy the crypto itself. This lowers the entry barrier for institutional and retail investors looking to participate in the growing crypto market.


If all goes according to plan, investors can expect to trade the first spot Ether ETFs this summer. This could be a significant milestone for the crypto market, bringing it closer to mainstream financial markets. Meanwhile, the call for clearer regulation in the U.S. remains loud and clear, with hopes that the SEC and CFTC will soon reach a consensus on the classification of Ether and other cryptocurrencies.