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Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading Yet

"A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval," a Bloomberg analyst said.

By Helene Braun|Edited by Nikhilesh De, Nick Baker

Updated May 29, 2024, 4:16 p.m. Published May 23, 2024, 9:16 p.m.

The Securities and Exchanges Commission (SEC) on Thursday approved 19b-4 forms filed by issuers looking to launch a spot ether exchange-traded fund (ETF), marking a key step forward in bringing the fund on the market. (Nikhilesh De/CoinDesk)