The SEC has approved spot exchange-traded funds (ETFs) for Ethereum's ether (ETH), allowing these funds to start trading as soon as Tuesday 23rd July 2024.

This decision marks the culmination of a lengthy approval process and follows the SEC's green light for bitcoin (BTC) ETFs earlier this year.

By including ether in ETFs, these investment vehicles become more accessible to traditional investors through standard brokerage accounts. Since their introduction in January, bitcoin ETFs have attracted significant investment, amounting to tens of billions of dollars.

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