In a significant departure from their previous skeptical stance, US regulators are reportedly leaning toward approving the long-awaited spot Ethereum ETFs for the second-largest cryptocurrency by market capitalization.
SEC Staff Signals Spot Ethereum ETFs Approval
According to a report by Barron’s, the US Securities and Exchange Commission (SEC) staff communicated to exchanges on Monday that they are leaning towards approving these products.
The agency has provided comments and guidance on the ETF applications, and if the “outstanding issues” are resolved in time, approvals could be granted as early as this week.
Furthermore, the SEC’s recent engagement with exchanges further underscores the regulator’s consideration of spot Ethereum ETFs. The commission reportedly contacted the Nasdaq, the Chicago Board Options Exchange (CBOE), and the New York Stock Exchange (NYSE) to request updates and modifications to existing applications before an upcoming regulatory
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