US Securities and Exchange Commission (SEC)
is considering approving the first ETFs (exchange-traded funds) based on Ethereum futures. The decision comes in light of growing interest among major financial firms in cryptocurrencies, many of which have applied to create ETFs based on$BTC and$ETH . According to Bloomberg,#SEC may give the green light for approval#ETF for futures#ETH for institutional investors. This could pave the way for other companies such as Bitwise and ProShares, which have also applied to create similar products. Despite early hesitation regarding cryptocurrency ETFs, the SEC recently allowed funds linked to Bitcoin futures to trade.
Now that #Ethereum is the second-largest cryptocurrency by capitalization, many are speculating about the potential for Ethereum-based products to be introduced into the broader financial market. However, a decision on this issue is still awaited.
