The U.S. Securities and Exchange Commission (SEC) has approved several Ethereum-based exchange-traded funds (ETFs). This decision, long anticipated by crypto enthusiasts and investors alike, marks a significant milestone. Yet, despite the approval, Ethereumâs price has remained largely unchanged, leading to mixed reactions within the market and among industry leaders.
A Long-Awaited Approval
After enduring months of speculation and multiple delays, the SEC has greenlit applications from major financial players such as Nasdaq, CBOE, and NYSE to list eight ETFs tied directly to the price of Ethereum.·
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