SEC Nears Approval of Ether Futures-linked ETFs

SEC Nears Approval of Ether Futures-linked ETFs



The SEC appears to be on the verge of approving the inaugural Ether futures-linked ETFs, indicating a possible change in its stance on crypto rules. Sources have informed Bloomberg that the U.S. Securities and Exchange Commission (SEC) is approaching the green light for the first Ether futures-based exchange-traded funds (ETFs).



Several companies, such as Volatility Shares, Bitwise, Roundhill, and ProShares, are in the advanced stages, having provided all the necessary paperwork, suggesting they are prepared for ETF operations. Insiders have hinted that approvals could be on the horizon by October. Central to these discussions is Ether, the primary token of the Ethereum platform, which is the second most valuable digital asset after Bitcoin.



The SEC's Unease with Bitcoin ETFsThe SEC remains wary of ETFs related to Bitcoin. A


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#Adoption, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations, #SEC

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