Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says

- The timing for when exchange-traded funds tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday.

Gensler and agency officials had not commented previously on why the SEC appeared to do a U-turn and approve the ether exchange filings. Gensler said the cases are similar, since ethereum futures have been trading since last year. SEC staff "looked at these filings, looked at the various correlations... the correlations are relatively similar to the correlations in the bitcoin space," Gensler said.

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