Reported 5 months ago
The U.S. Securities and Exchange Commission (SEC) has approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, marking a significant development for the cryptocurrency industry. Nine issuers, including VanEck and BlackRock, are looking to launch ETFs linked to the second-largest cryptocurrency after the SEC approved bitcoin ETFs earlier this year. This unexpected approval signals progress and potential growth for the industry, with the SEC now required to review investor disclosures before these new products can start trading.
Source: YAHOO