SEC Chair suggests Ethereum ETF approval is the logical next step after Bitcoin ETFs

Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has suggested that the approval of new exchange traded funds (ETFs) for Ethereum's ether (ETH) is the logical next step after the regulator previously approved spot bitcoin ETFs. Gensler remained vague about when the industry may see the next major crypto token wrapped in ETFs, but his comments suggest that the SEC was going to approve ETH ETFs all along, just like BTC. However, Gensler reiterated his usual warnings about the crypto industry and its lack of required public disclosures, saying that many tokens have not given the disclosures that are required by law.