SEC Nearing Green Light for Ether Futures ETF, Suggests Barron's
CryptoNewsTerminal Staff21 May, 2024
SEC Nearing Green Light for Ether Futures ETF, Suggests Barron's
SEC Poised to Approve Ether Futures ETF The Securities and Exchange Commission (SEC) is reportedly leaning towards approving an ether (ETH)-based futures exchange-traded fund (ETF), according to unnamed sources cited by Barron's. This potential development comes after the SEC recently approved the first bitcoin futures ETF in the United States, signaling a shift in the regulatory landscape for cryptocurrency-linked investments. If approved, the ether futures ETF would provide investors with a regulated way to gain exposure to the second-largest cryptocurrency by market capitalization. It would also further legitimize the cryptocurrency industry and potentially attract new investors. The SEC has not publicly commented on the matter, and it remains to be seen whether the commission will ultimately give its approval to the ether futures ETF. However, Barron's sources indicate that the agency is moving in that direction. The potential approval of an ether futures ETF has already generated excitement within the cryptocurrency community, with analysts predicting that it could boost demand for ETH and drive up its price.
