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SEC Takes First Step Toward Authorizing Spot Ether ETFs
The cryptocurrency industry is closer to another milestone after the Securities and Exchange Commission pioneered the launch of the first U.S. ETFs that invest directly in the Ether token.
In a move thought unlikely until last week, the SEC on Thursday signed off on a proposal from venues operated by Publicly traded company Cboe Global Markets Inc., Quotation and the New York Stock Exchange to list products related to the second largest digital asset.