Reported 9 months ago
US regulators are close to approving exchange traded funds (ETFs) tied to the spot price of ether, with talks between asset managers and regulators reaching the final stages. Eight asset managers, including BlackRock and Grayscale Investments, are seeking SEC approval for these funds. The process of amending offering documents is almost complete, with approval expected within a week or two. The launch of ether ETFs is anticipated to be less impactful than the previous bitcoin ETF launch due to differences in market size and investor interest.
Source: YAHOO