Ethereum spot ETF officially approved by SEC

The US Securities Commission (SEC) has issued a notice approving all Ethereum spot ETF proposals, while recognizing ETH as a "commodity" asset.

True to experts' previous predictions, on the morning of May 24, the US Securities Commission (SEC) officially approved 8 Ethereum spot ETFs, marking a 180-degree change in just a few days. via.

Specifically, the SEC approved the Ethereum spot ETF proposal of Grayscale and Bitwise to trade on the NYSE stock exchange; iShares (BlackRock) on Nasdaq; with VanEck, ARK/21 Shares, Invesco, Fidelity and Franklin Templeton on the Cboe BZX stock exchange.

Not stopping there, the SEC's announcement also recognized Ethereum ETFs as asset trading funds of a "commodity" nature, indirectly rejecting the "security" argument for ETH that had been threatened by the commission. threatened in recent months. 

Ethereum is also the second cryptocurrency approved by the SEC to create an ETF, following Bitcoin just 4 months earlier.