SEC approves rule changes for ethereum ETFs, boosting crypto
ft.com —
The US SEC approved rule changes for potential launch of 8 ether ETFs by BlackRock, Fidelity, Invesco, and Ark Invest. Ether's price surged over 20% since Monday and 60% year-to-date. SEC's shift follows months of silence, with approvals sparking optimism. Bitwise Asset Management's Katherine Dowling expressed surprise at the approval. SEC Chair Gensler cited fraud concerns in crypto industry. Approval for the ETFs' launch is pending.