U.S. Securities and Exchange Commission (SEC) approves spot Ethereum ETFs
The crypto complex is certainly reacting positively.
BTC up.
ETH up.
Added - further sources also confirming, DJ, Reuters
![ethusd sec approval 24 May 2024 2](https://images.forexlive.com/images/ethusd%20sec%20approval%2024%20May%202024_id_3f579296-ed6e-4133-9e1c-f92dc293e00f_size900.jpg)
More:
- SEC approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether
- The next step is for ETF issuers to get approval before the products can launch
- Nine issuers hope to launch ETFs tied to ETH
![sec eth etf spot approval 24 May 2024 2](https://images.forexlive.com/images/sec%20eth%20etf%20spot%20approval%2024%20May%202024_id_d200d067-2c21-4dd5-85e3-e5e9ca5dbcc3_size900.jpg)