According to the latest news, the U.S. Securities and Exchange Commission (SEC) has made a significant move in the cryptocurrency market by granting preliminary approval to at least three out of eight ambitious asset management companies to launch Ethereum Exchange Traded Funds (ETH ETFs). This decision indicates that investors may be able to directly trade ETH ETFs through compliant channels starting next Tuesday, enjoying the opportunities brought by the growth of the Ethereum market.
However, the final approval is still pending, with the SEC's decision hinging on whether the applicants can submit their final offering documents to the regulatory agency before the end of this week. The tension in the market has thus intensified, with all parties closely monitoring every step of this process.
Notably, one source revealed that all eight companies are expected to launch their ETH ETFs simultaneously, injecting unprecedented vitality and diversity into the market. Facing this potential historic moment, the SEC has maintained its customary cautious attitude, declining to comment on individual applications, leaving the market immersed in anticipation and speculation.
(Information source: Reuters. This content is compiled based on various sources and aims to provide market dynamics reference, not constituting any investment advice.)