SEC Approves Spot Ethereum ETF Marking a New Milestone for ETH
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Spot Ethereum ETFs were approved by the SEC on May 23.
Three Exchanges had proposed rule changes to list and trade spot ETH ETFs.
The Securities and Exchange Commission (SEC) released an official statement approving the spot Ethereum Exchange-Traded Funds (ETFs) on May 23.
The SEC’s statement was widely anticipated by the crypto community since the approval of spot Bitcoin ETFs. Exchanges that had applied for issuance rights were approved in the published report, while they still await the approval of S-1 filings.
The published report stated:
“As described in more detail in the Proposals’ respective amended filings, each Proposal seeks to list and trade shares of a Trust that would hold spot ether, in whole or in part.
