SEC Approves Ethereum ETFs

馃挜 Crypto Milestone Reached

By Zerion
May 30, 2024, 5:51 PM
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The Securities and Exchange Commission (SEC) has approved the launch of Ethereum (ETH) Exchange-Traded Funds (ETFs).​ This move is expected to attract new investors, increase trading volume, and drive innovation in the cryptocurrency space.​ Bitcoin (BTC) ETFs, which were approved earlier this year, have already seen over $13 billion in net inflows, making them the most successful ETF launch ever.​ The addition of spot ETH ETFs is anticipated to further boost cryptocurrency adoption.​

Sources

We're excited about the SEC's approval of ETH ETFs! These ETFs bring in new investors, boost trading volume, and drive innovation. Since January, BTC ETFs have seen over $13 billion in net inflows, making them the most successful ETF launch ever. Adding spot ETH will help grow

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