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Why Spot Ether ETFs Could Face a Difficult Path to Approval

From investopedia.com

The Securities and Exchange Commission (SEC) is considering applications for spot exchange-traded funds (ETFs) for ether (ETHUSD), the native token of the Ethereum blockchain and the second largest cryptocurrency by market capitalization. But experts are increasingly skeptical that approval will come any time soon. The agency's approval of spot-bitcoin (BTCUSD) ETFs earlier this year turbocharged the demand for the cryptocurrency, propelling its price to multiple records, but an encore with ether appears less likely due to a number of factors. The SEC has already delayed decisions on approvals for ether ETFs by ... (full story)

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  • Category: Fundamental Analysis