The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion.
Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency.
When ETH ETF?
2023 will go down in history as the year with the most news and developments in terms of ETFs as numerous companies filed for such products for BTC and ETH. Perhaps the trend intensified after BlackRock did so in the middle of the year, and many others followed.
With already nearly a dozen BTC ETFs trading on US stock markets, the focus has now shifted to other cryptocurrencies, such as Ethereum. Currently, several companies have filed to launch such products, including Grayscale, which is trying to convert its ETH Trust into a spot ETF, as it did with its flagship Trust – GBTC.
The SEC, though, keeps delaying the decision, with most applications now having
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