SEC Gives Preliminary Approval for ETH ETFs
The U.S. Securities and Exchange Commission (SEC) has given at least three out of eight asset management companies preliminary approval to launch Ethereum (ETH) Exchange Traded Funds (ETFs), according to Odaily. Final approval is contingent on applicants submitting their final issuance documents to the regulator by the end of this week. Additionally, a source stated that all eight companies are expected to launch ETH ETFs at the same time. An SEC spokesperson said the agency does not comment on individual filings.
