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Ether ETFs Only Cleared a Hurdle: Final Approval Is Still Pending
The cryptocurrency industry has crossed another milestone, as the US Securities and Exchange Commission (SEC) approved the listing of Ether exchange-traded funds (ETFs) on American exchanges. However, the agency has yet to approve trading. The SEC’s approval yesterday (Thursday) came for the 19b-4 forms tied to the Ether ETFs. Securities exchanges make these so-called 19b-4 form submissions for introducing new products or amending existing rules. For Ether ETF, the 19b-4 forms of Nasdaq, CBOE, and NYSE were approved. However, for trading Ether ETFs, the SEC must approve S-1 forms filed by prospective issuers of the ... (full story)