Since an hour ago, anticipation has been growing among digital currency investors and financial institutions regarding the approval of Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Despite the success of traded Bitcoin funds, approval of Ethereum funds at this stage is deemed unlikely. SEC Chairman, Gary Gensler, has indicated that digital currencies are a part of the markets but face regulatory challenges. The final decision of the SEC is eagerly awaited.