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Ethereum ETF Decision Recalls Spot Bitcoin Launch
As the spot Ethereum ETF approval drama unfolds, investors and exchange-traded fund industry observers can recall parallels between this case and events leading to the eventual approval and unveiling of spot bitcoin ETFs. In both cases, the Securities and Exchange Commission (SEC) initially exhibited caution toward approving spot ETFs for these cryptocurrencies. However, pressure from various stakeholders, including issuers, investors and the maturing crypto market, spurred a potential shift toward approval. Both decisions reflect growing recognition of the maturing cryptocurrency market and rapidly increasing ... (full story)