The United States Securities Commission (SEC) is all set to greenlight the first exchange-traded funds (ETFs) based on Ether (ETH) futures in a big win for the crypto space.
Nearly a dozen companies have expressed interest and filed applications with the SEC to launch ETFs.
Big Win For Crypto
According to sources familiar with the matter, the regulator will not block or oppose products. This comes as a major relief to companies who have filed with the Securities and Exchange Commission, including Bitwise, Roundhill, ProShares, and Volatility Shares. However, it is still unclear which funds would receive the nod from the SEC. Officials and sources close to the matter have stated that approvals could come as early as October, but the SEC has yet to comment on the matter. Ether (ETH) is the native token of the Ethereum blockchain and is the world’s second-largest cryptocurrency in terms of market capitalization, second only to Bitcoin.
The SEC’s Changing Stance
The Securities and Exch
We współpracy z: https://cryptodaily.co.uk/2023/08/big-win-for-crypto-as-sec-gives-green-light-to-ether-futures-etfs
