Ethereum

Bitcoin ETF

The US Securities and Exchange Commission (SEC) has accepted Ethereum Exchange-Traded Fund (ETF) applications from some of the world's leading asset managers, a milestone for <a href="https://optimisus.com/news/crypto-news/the-us-doj-arrests-rui-siang-lin-and-seizes-100m-in-crypto-from-his-dark-web-drug-market/" rel="noopener noreferrer nofollow">ETH</a> and the crypto industry.  
The SEC's filing approves all eight <a href="https://optimisus.com/market/market-news/the-us-secs-potential-approval-of-a-spot-ether-etf-sparks-excitement/" rel="noopener noreferrer nofollow">Ethereum ETF applications</a>. Major financial institutions BlackRock, Grayscale, Bitwise, VanEck, Ark Invest, 21Shares, Invesco Galaxy, Fidelity, and Franklin Templeton submitted these.  
These recommendations fulfill Exchange Act Section 6(b)(5) standards to prevent fraud and manipulation, protect investors, and defend public interest, according to the SEC.  
Prior to the 30-day notice period, permission was granted. Recent filing modifications clarified and reassured. The SEC's fast clearance shows its confidence in the plans' regulatory compliance.  
The SEC's decision expands institutional and retail Ethereum investing options and implies a change in cryptocurrency regulation.  
The clearance may affect the SEC's categorization of Ethereum as a commodity, which was vital to Bitcoin ETF certification earlier this year.  
US SEC Chair Gary Gensler says Bitcoin is a commodity under the Howey test, but many experts think it needs upgrading for better crypto regulation.  
Institutional investment in Ethereum may increase with SEC permission, stabilizing and accepting the market. It may also encourage other regulatory authorities globally to standardize crypto legislation. This might lead to new cryptocurrency financial products, giving investors additional alternatives.  
The SEC's action advances crypto mainstreaming. Ethereum ETFs should increase market liquidity and transparency, making Ethereum trading simpler for investors. This shows the necessity of legislative certainty in securing and dependable digital asset markets. 
The post <a href="https://optimisus.com/news/crypto-news/the-us-sec-approves-ethereum-etfs-in-landmark-decision-for-crypto-market/" rel="noopener noreferrer nofollow">The US SEC Approves Ethereum ETFs in Landmark Decision for Crypto Market</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

The US SEC Approves Ethereum ETFs in Landmark Decision for Crypto Market

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