Ether ETF Hopes Are Revived on Flurry of Application Updates
- SEC asks NYSE, Cboe to update filings, people familiar say
- Increased optimism leads to 23% rally in token this week
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Crypto markets are increasingly optimistic about regulatory approval for US exchange-traded funds investing directly in Ether amid a flurry of activity at potential issuers, exchanges and the securities regulator.
The Securities and Exchange Commission requested that the New York Stock Exchange and Cboe Global Markets update so-called 19b-4 filings that propose rule changes to allow the planned funds to trade, according to people familiar with the matter who asked not to be identified since the matter is private.