Krutika Adani
Comments from SEC chief Gary Gensler suggest that the US SEC might need one more week to finally approve the individual ETF applications.
The SEC had returned the applications and asked for a few adjustments.
The comments by Gary Gensler assured the markets that the applications were on the verge of approval.
Earlier, the applications were supposed to be approved within the first week of July but were eventually delayed due to minor adjustments.
Experts have estimated that ETFs might see a combined inflow of $5 billion within the first six months of their launch.