SEC Seen Approving Spot-Ether ETFs in Latest Crypto Milestone
- Fund managers said the SEC has approved the products
- Analysts anticipate lower demand than for Bitcoin ETFs
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Regulators approved the first US exchange-traded funds investing directly in Ether, the world’s second-largest cryptocurrency, according to filings and statements from asset managers.
21Shares AG, Bitwise Asset Management Inc., BlackRock Inc., Invesco Ltd., Franklin Templeton, Fidelity Investments and VanEck were among the issuers to receive US Securities and Exchange Commission assent, the documents indicated Monday. The SEC didn’t immediately return requests for comment.