Reported 5 months ago
The SEC has approved the NYSE and Nasdaq to list eight exchange-traded funds holding ether (ETH). However, approvals are still pending for money managers to issue these new products. The move marks a significant step towards allowing the ETFs to trade, potentially making ether more mainstream and accepted in retirement accounts. The SEC's decision follows previous approval for ETFs investing in Bitcoin and comes amidst a broader push for friendlier crypto regulations in Washington, including a recent bill passed by the US House of Representatives.
Source: YAHOO