US SEC Approves Ethereum Spot ETF... "Trading Starts from the 23rd"
The U.S. Securities and Exchange Commission (SEC) announced on the 22nd (local time) that it has approved the trading of Ethereum spot exchange-traded funds (ETFs) applied for by asset management firms including BlackRock.
This is the first time an Ethereum spot ETF has received SEC approval. It comes six months after the approval of Bitcoin, the leading cryptocurrency, in January.
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Earlier, on May 23, the SEC approved the listing review request (19B-4) for Ethereum spot ETFs applied for by asset management firms, and on this day, it gave final approval for trading. Accordingly, the SEC stated that at least two products from the eight asset management firms that applied for ETF launches can start trading from the 23rd.
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