Ethereum ETF approval seen as a clearing event for more crypto ETFs
The U.S. Securities and Exchange Commission on Thursday approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds linked to the price of
In their comments on the development, TD Cowen analysts said they were “surprised at the timing, but not the outcome.” TD Cowen notes that the SEC's approval came about six months earlier than expected. The broker had anticipated the agency would wait a full year after the), Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise are among the first batch of firms that secured the approval. They had to agree that Ether held in the ETFs would not be used for staking.
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