-
SEC Opens the Door for Spot Ether ETFs in Big Crypto Victory
The Securities and Exchange Commission on Thursday paved the way for trading in exchange-traded funds that invest directly in the cryptocurrency Ether, putting the digital-asset industry on the cusp of a significant milestone. In a first-of-its-kind blessing, the SEC signed off on a proposal by venues run by Cboe Global Markets Inc., Nasdaq and the New York Stock Exchange to list products tied to the world’s second-biggest cryptocurrency. The move, which had seemed unlikely as recently as last week, removes a key hurdle for spot Ether ETF trading in the US. Issuers now need a separate sign-off from the regulator; ... (full story)