Specific Information about the SEC and ETFs
ETH.com #ETHETFsApproved
On June 27, 2024, the SEC approved a regulatory change paving the way for the approval of Ethereum spot ETFs. Firms such as VanEck, BlackRock, Fidelity, Bitwise, Ark 21 Shares and Grayscale will issue these funds. Formal approval is expected to be a formal procedure.
This announcement marks an important turning point, showing an increase in investment demand for cryptocurrencies. Ethereum price fell about 5% after the announcement, but increased more than 30% in the previous week thanks to positive signals from the SEC.
Source: [ETF.com], CoinDesk, TheStreet.
