In an interview with CNBC on June 5, Securities and Exchange Commission Chair Gary Gensler revealed that the commission may take longer than expected to approve S-1 registration statements for exchanges looking to list spot Ether ETFs. Gensler emphasized the complexity and potential risks associated with these products, indicating that the SEC will take a thorough and cautious approach in their evaluation. As the crypto market eagerly awaits the launch of an Ether ETF, Gensler's statement suggests that the road to approval may be longer than anticipated.