US Paves Way for Ether ETFs in Test of Crypto Demand Beyond Bitcoin
- SEC allows Cboe, Nasdaq and NYSE to list spot-Ether ETFs
- Issuers still need more approvals before launching funds
The SEC headquarters in Washington, DC.
Photographer: Tierney L. Cross/BloombergThis article is for subscribers only.
The crypto industry is closer to another landmark after the Securities and Exchange Commission paved the way for the eventual launch of the first US exchange-traded funds investing directly in the Ether token.
In a step deemed unlikely as recently as last week, the SEC signed off Thursday on a proposal by venues run by Cboe Global Markets Inc., Nasdaq and the New York Stock Exchange to list products tied to the second-biggest digital asset.