U.S. regulators green-light Ethereum ETF, a new era of crypto investment begins

U.S. financial regulators have finally given the green light to Ethereum (ETH) spot exchange-traded funds (ETFs), a milestone decision that means U.S. investors can now easily access the world's second-largest mainstream cryptocurrency through more convenient, traditional trading platforms. This move not only ends the U.S. Securities and Exchange Commission's (SEC) review process for many years, but also follows the approval of Bitcoin (BTC) ETF in January this year, further promoting the integration of cryptocurrencies into mainstream financial markets.

The approval of the Ethereum ETF indicates that this innovative financial instrument will attract more attention and funds from traditional investors, who can now participate in the volatility and opportunities of the Ethereum market through their familiar brokerage accounts like buying and selling stocks or bonds. Since the advent of the Bitcoin ETF, it has quickly attracted tens of billions of dollars in investment, which has undoubtedly paved an optimistic prospective path for the future development of the Ethereum ETF.

Although the prospects for the approval of the Ethereum ETF were still confusing in the previous months, the active involvement and communication of SEC officials in late May paved the way for the final decision. On May 23, with the passage of key documents, the full approval of Ethereum ETF was settled, officially announcing the full arrival of the cryptocurrency ETF era.

"We have fully entered a new era of cryptocurrency ETFs," Bitwise Chief Investment Officer Matt Hougan said excitedly, "This change means that investors can reach more than 70% of the liquid crypto asset market through exchange-traded products (ETPs) at a lower cost, opening up unprecedented investment convenience."

VanEck Digital Asset Director Kyle DaCruz is also full of expectations: "As one of the first companies to apply for Ethereum ETF, we always believe that investors should be able to invest in Ethereum through channels they feel comfortable and familiar with. If Bitcoin is the gold of the digital world, then Ethereum is an open application store and a gateway to thousands of innovative applications using blockchain technology." With the approval of Ethereum ETF, the diversification and popularization of the cryptocurrency market will undoubtedly add strong momentum.$CTK $AEVO $AKRO #美国大选如何影响加密产业？ #拜登退选