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US SEC Approves Exchange Applications to List Spot Ether ETFs

by Editor May 25, 2024, 4:48 am 999 Views

US SEC Approves Exchange Applications to List Spot Ether ETFs

The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year.

While the ETF issuers also have to get the green light before the products can launch, Thursday’s approval is a major surprise win for those firms and the cryptocurrency industry, which until…

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