In a landmark move, the US Securities and Exchange Commission (SEC) has given the green signal for the potential launch of eight exchange-traded funds (ETFs) linked to ether, the second-largest cryptocurrency globally. This decision follows the earlier approval of bitcoin ETFs, marking a pivotal shift in the regulatory environment for digital assets.
The SEC's approval of ether ETFs marks a notable shift from its historical stance against the crypto industry. Key legal victories, such as Grayscale's success in challenging the SEC's decisions, have influenced the agency's reconsideration of spot ETF applications.
