ETFs
Ether Pares Losses Amid Report SEC Could Approve ETFs By July 4
<-rte-company state="{"_id":"00000190-563c-d497-a7fb-fe3db7560000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Ether-rte-company> briefly pared its losses after a report indicated that the United States could approve exchange-traded funds holding the second-largest cryptocurrency by July 4.
The digital asset was little changed at around $3,400 after falling 2.5% earlier. The Securities and Exchange Commission and fund companies are in the final stages of negotiations, along with industry executives and participants. said Reuters.
Last month, the SEC approved a proposal from exchanges run by Cboe Global Markets Inc., Nasdaq and the New York Stock Exchange to list the ETFs. Fund managers still need separate approval from…