Ethereum

BlackRock

Coin

<ul class="news-points">
 <li>The SEC greenlights eight spot Ethereum ETF applications.</li>
 <li>Launch timeline uncertain, pending further approvals.</li>
 <li>The decision signals a potential shift in crypto regulation.</li>
</ul>
In a landmark decision that could reshape the cryptocurrency landscape, the US Securities and Exchange Commission (SEC) on Thursday, May 23rd, <a href="https://www.sec.gov/files/tm/lk87adfs99.pdf" target="_blank" rel="noopener noreferrer nofollow">greenlit eight applications</a> for spot Ethereum exchange-traded funds (ETFs), signaling a major shift in regulatory stance towards the second-largest digital asset.
This move paves the way for mainstream investors to gain exposure to Ethereum without directly owning the cryptocurrency.
The 19B-4 submissions detail proposed rule changes and regulatory compliance necessary for listing and trading new ETFs. In its statement, the SEC highlighted the consistency of the proposals with Section 6(b)(5) of the Exchange Act, adding:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “After careful review, the Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange.”
</blockquote>
19B-4 filings for the following firms were approved by the SEC:
<ul>
 <li>BlackRock Inc.</li>
 <li>Fidelity</li>
 <li>Grayscale Investments Inc.</li>
 <li>Bitwise…</li>
</ul>
The post <a href="https://coinedition.com/breaking-secs-ethereum-etf-approval-a-game-changer-for-crypto-markets/" rel="noopener noreferrer nofollow">Breaking: SEC’s Ethereum ETF Approval: A Game-Changer for Crypto Markets</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Breaking: SEC’s Ethereum ETF Approval: A Game-Changer for Crypto Markets

Coin Edition

Other articles published on May 24, 2024

House Votes to Safeguard Financial Privacy: CBDC Anti-Surveillance Act Passed

Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize th...

SolanaVM, The First EVM Compatible L2 for Solana, Raising Over $400,000 in Presale, as SEC Approv...

Solana (SOL) Heads for Key Moving Average as Buying Pressure Declines

Social agriculture: 7.5 million Kenyan farmers sell their produce through social media

SEC Approves Ethereum ETFs

Join our free newsletter for daily crypto updates!