Reported 5 months ago
The Securities and Exchange Commission (SEC) has approved US stock exchanges to list ether ETFs, following the approval of spot bitcoin ETFs earlier in 2024. Ethereum (ETH) is the second-largest cryptocurrency behind Bitcoin, with a market cap of over $450 billion. Ethereum and Bitcoin differ in their blockchain frameworks, with Ethereum using proof of stake and Bitcoin using proof of work for transactions. The SEC's approval of eight ether ETFs is a significant step for the crypto industry and reflects a push for more favorable regulations and product launches in the market.
Source: YAHOO