ETFs
SEC Takes First Step Towards Authorizing Spot Ether ETFs
The crypto industry is moving closer to another milestone after the Security and Exchange Commission paved the way for the eventual launch of the first US exchange-traded funds investing directly in the Ether token.
In a move deemed unlikely as recently as last week, the SEC on Thursday approved a proposal from sites run by Cboe Global Markets Inc., Nasdaq and the New York Stock Exchange to list products related to the second largest digital asset.