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Wall Street Goes Crypto: SEC Approves Ethereum ETFs, Marking a Major Milestone for Crypto Industry
In an unexpected fast decision, the U.S. Securities and Exchange Commission (SEC) has approved applications from major exchanges, including Nasdaq, CBOE, and NYSE, to list exchange-traded funds (ETFs) tied to the price of ether. This approval marks a significant step forward for the cryptocurrency industry, potentially paving the way for these ether ETF products to begin trading later this year, pending final approval of their ETF registration statements.