Breaking: SEC approves spot Ethereum ETFs after shocking U-turn

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Breaking: SEC approves spot Ethereum ETFs after shocking U-turn
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The US Securities & Exchange Commission (SEC) approved 19b-4s filings of spot ETH ETFs on Thursday after several weeks of silence towards issuers.

The US SEC approved spot ETH ETF applications on Thursday after initial delays. SEC surprisingly began to engage with issuers on Monday after weeks of silence. Ethereum may set a new all-time high as Bitcoin did after ETF approval. The US Securities & Exchange Commission approved 19b-4s filings of spot ETH ETFs on Thursday after several weeks of silence towards issuers.

In addition, Ethereum infrastructure provider Consensys court filings showed that the SEC was considering declaring ETH as a security after launching investigations into Ethereum-related firms. However, the SEC surprisingly began engaging with issuers on Monday, asking exchanges to submit amended 19b-4s filings.

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