Ethereum exchange-traded funds (ETFs) will be approved this summer, according to U.S. Securities and Exchange Commission Chair Gary Gensler. The revelation was made during a budget hearing on Thursday. During the hearing, Gensler added that the approval process has been going smoothly since the initial approval. Ether ETFs coming this summerBack in May, the regulator had approved applications for the listing of eight spot Ether ETFs. While it wasn’t a green light to initiate trading, the 19-b forms were approved. This is the initial hurdle when applying for an ETF. The SEC considered proposals…