[NEWS] SEC approves spot Ethereum ETF listing application, as well as eight other stocks at once

The SEC (US Securities and Exchange Commission) announced on the 24th (Japan time) that it has approved several spot Ethereum ETFs.

Following the approval of Bitcoin (BTC) in January this year, a spot ETF for the cryptocurrency Ethereum (ETH) has been launched in the US.

The SEC has now approved eight spot Ethereum ETFs, including applications by BlackRock and VanEck. The approved applications are as follows:

Grayscale Ethereum Trust

Bitwise Ethereum ETF

iShares Ethereum Trust

VanEck Ethereum Trust

ARK 21Shares Ethereum ETF

Invesco Galaxy Ethereum ETF

Fidelity Ethereum Fund

Franklin Ethereum ETF

Spot Ethereum ETF has been approved, and at the time of writing, the Ethereum price is hovering around $3,800 (approximately 596,000 yen).

This approval was granted by the exchange's "19b-4" document, and the S-1 registration statement needs to be approved in order to officially start trading in the future.

Therefore, the start date of trading has not been announced at this time.

Reference: Announcement

Image: Shutterstock

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