Analysts Say Approval of Ethereum ETFs Could Trigger More Momentum for Cryptos
The U.S. Securities and Exchange Commission (SEC) recently announced that it had approved a regulation change allowing ether spot ETFs to be traded in the United States. Following the news, both Bitcoin and Ethereum prices saw a modest increase, with crypto-related stocks experiencing a notable rise. The commission approved eight Ethereum ETF applicants’ Form 19b-4, including those from major companies including Fidelity, BlackRock, Grayscale, VanEck, ARK Invest, Franklin Templeton and Invesco Galaxy. However, before these ETFs can officially launch, their S-1 registration declarations need to receive approval. The SEC didn’t specify when these forms would be approved or when trading…