SEC Chairman Gary Gensler announced potential approval for Ethereum-based ETFs by September.

Gensler has softened his stance on meme coins like BONK, suggesting they could be viable investments with proper disclosure.

This change reflects a broader recognition of the crypto market's growth and importance.

The demand for crypto ETFs is rising, especially among traditional investors seeking tax advantages.

Investment firms are preparing to introduce spot crypto ETFs in the future, potentially including popular meme coins to diversify risk.

While the approval process for these ETFs may be lengthy, the industry is expected to see continued expansion and innovation.