Ethereum ETFs Closer to Reality? SEC Signals, Market Surges

Published 23/05/2024, 14:50
© Reuters Ethereum ETFs Closer to Reality? SEC Signals, Market Surges
ETH/USD
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Coin Edition -

  • SEC hints at possible Ethereum ETF approval.
  • Grayscale discount may predict regulatory outcome.
  • Crypto market reacts amid evolving landscape.

The U.S. Securities and Exchange Commission (SEC) has signaled potential shifts in its stance on Ethereum-based exchange-traded funds (ETFs). Nic, a prominent crypto analyst, recently drew attention to the Grayscale Ethereum Trust (ETHE) discount, suggesting it might offer insights into investor sentiment regarding the likelihood of Ethereum ETF approval.

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