SEC approved Spot Ethereum ETF Trades in the United States

The Sec approved operations in the United States of the Ethereum ETFs in cash starting this Tuesday, July 23 in the morning once the receipts were received and all means related to these commercial operations were activated.

According to ETF Store President Nate Geraci, Bitwise was the first to release the information and create the website for its Ethereum spot ETF.

Bitwise spot eth ETF webpage now *live*… pic.twitter.com/9mhX96ilXz

— Nate Geraci (@NateGeraci) July 22, 2024

Regarding the announcement, Bloomberg analyst James Seyffart noted that “of the nine funds proposed to the SEC, the only ones that do not yet have official documents are the Ethereum ETFs proposed by Grayscale (ETHE / ETH). For the rest, it seems that the products of BlackRock, Fidelity, VanEck, 21Shares and Invesco were also duly approved”, which is why they also began operations this Tuesday.

SEC approval took months of analysis and discussions about the product’s viability. However, finally, the US entity “approved the S-1 forms that guide the start of operations of these funds.”

M.Pino

Source: diariobitcoin

(Reference image source: Traxer in Unsplash)

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