SEC Approval for Spot Ether ETF: What It Means for the Cryptocurrency Market
As expected, the U.S. Securities and Exchange Commission (SEC) has officially approved several ether-based ETFs. Despite rumors that the regulator might classify ether as a security, the SEC gave the green light to these financial products.
This is the SEC's second major decision this year. Earlier this year, the commission approved the first-ever BTC spot ETF.
