SEC Greenlights Spot Ether ETFs: Crypto Industry Cheers

  • The US Securities and Exchange Commission (SEC) has paved the way for spot ether exchange-traded funds (ETFs).
  • This decision removes a major hurdle for trading ETFs directly tied to the world's second-biggest cryptocurrency, Ether.
  • Spot ETFs would allow investors to buy and hold Ether through a traditional investment vehicle, potentially attracting new investment to the crypto space.
  • Asset managers like VanEck and BlackRock are already vying to launch the first spot Ether ETF.
  • However, individual ETF proposals still need separate SEC approval, with no set deadline yet.

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