SEC takes big step closer to approving first US Ether ETFs

SEC takes big step closer to approving first US Ether ETFs

The SEC has taken a significant step towards approving the first US ETFs investing directly in Ether.
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The SEC has taken a significant step towards approving the first US ETFs investing directly in Ether, the second-largest cryptocurrency. Venues like Cboe, Nasdaq, and NYSE can now list these products, pending further SEC approval. This move could attract substantial investment, though experts caution that Ether ETFs may not match the demand seen by Bitcoin ETFs. Ether prices have surged on this news, marking the token's best week since 2021.

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By Emily Graffeo and Lydia Beyoud

The crypto industry is closer to another landmark after the Securities and Exchange Commission paved the way for the eventual launch of the first US exchange-traded funds investing directly in the Ether token.

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