SEC Opens the Door for Spot Ether ETFs in Big Crypto Victory

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The Securities and Exchange Commission on Thursday paved the way for trading in exchange-traded funds that invest directly in the cryptocurrency Ether, putting the digital-asset industry on the cusp of a significant milestone.

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A Hot Button Issue for SEC Threatens to Erode Ether-ETF DemandMany in the crypto market believe that a key change made to some applications for proposed spot-Ether exchange traded funds will be good for the Ethereum blockchain, while putting the prospective ETF products themselves at a disadvantage.
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