SEC Grants Final Approval to Ethereum-Backed ETFs, Expanding Crypto Investment Options

Monday, Jul 22, 2024 5:14 pm ET1min read

The U.S. Securities and Exchange Commission (SEC) has granted final approval for Ethereum (ETH-USD) spot ETFs, allowing investors to trade and hold the second-largest cryptocurrency via a more conventional and accessible financial instrument. This development marks a significant step in the integration of cryptocurrencies into the traditional financial landscape.