SEC Approves Spot Ether ETF, But No Issuer Is Ready

Positive News, But No Immediate Impact

The US Securities and Exchange Commission (SEC) on Thursday approved a rule change that sets up for the potential approval of a spot Ether Exchange Traded Fund (ETF). This is seen as a positive development for both the potential approval of an ETF and ETH in general.

No Issuer Is Ready

However, despite the SEC's approval, there is no guarantee that an Ether ETF will be approved anytime soon. No issuer has yet filed an application with the SEC for a spot Ether ETF. This means that it could be some time before investors can actually invest in an Ether ETF.

Conclusion

The SEC's approval of a rule change that sets up for the potential approval of a spot Ether ETF is a positive development. However, it is important to remember that no issuer has yet filed an application with the SEC for a spot Ether ETF. This means that it could be some time before investors can actually invest in an Ether ETF.

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