05.23.24
SEC Paves Way for Ether ETFs
by: Emily Graffeo and Lydia Beyoud
The U.S. Securities and Exchange Commission (SEC) paved the way for the eventual launch of the first U.S. exchange-traded funds (ETFs) that invest directly in the Ether token. 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 second-biggest digital asset. Fund managers still need a separate approval from the agency before they can launch products, for which the timeline is uncertain.
Read the full article on Bloomberg