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The U.S. Securities and Exchange Commission (SEC) has reportedly given final approval to some Ethereum exchange-traded fund (ETF) spot applications.
According to US media reports, some Ethereum ETF spot is expected to start trading on Tuesday.
Asset managers such as BlackRock, Fidelity Investments and Bitwise Asset Management are expected to start trading spot Ethereum ETFs.
Company Statement
In a statement on the issue, BlackRock said that BlackRock’s registration statement for the iShares Ethereum Trust ETF (ETHA) has been declared effective by the SEC. The statement pointed out that the iShares Ethereum Trust ETF is expected to start trading on the Nasdaq on July 23.
Fidelity Investments announced in a statement that it will launch the Fidelity Ethereum Fund (FETH) designed to track the performance of Ethereum.
The Bitwise Ethereum ETF (ETHW) is scheduled to begin trading on the New York Stock Exchange on July 23, Bitwise Asset Management said in a statement.
Spot Bitcoin ETF approved
The U.S. Securities and Exchange Commission (SEC) approved an application for a spot Bitcoin exchange-traded fund (ETF) in January.
Companies such as Blackrock, VanEck, WisdomTree, Fidelity, Bitwise, Grayscale Investmens and Invesco have applied to the SEC for spot Bitcoin ETFs.
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