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In A Huge Volte-Face, The SEC Is Apparently Not Changing The Commodity Grantor Trust Structure Of The Upcoming Spot Ethereum ETFs

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Spot Ethereum ETFs Ethereum Ether

In what is sure to herald a fierce new tailwind for Ethereum and the rest of the crypto sphere, the SEC is apparently angling to approve some of the first spot Ethereum ETF applications this week, which should significantly advance the ongoing financialization and mainstreaming of cryptocurrencies. What's more, the SEC is seemingly abandoning its contention that Ethereum, functioning under a Proof-of-Stake (PoS) transaction authentication mechanism, constitutes a security. To wit, the SEC has reportedly asked Nasdaq, CBOE, and the New York Stock Exchange (NYSE) to amend their applications to list spot Ethereum ETFs, signaling that the apex financial regulator […]

Read full article at https://wccftech.com/in-a-huge-volte-face-the-sec-is-apparently-not-changing-the-commodity-grantor-trust-structure-of-the-upcoming-spot-ethereum-etfs/

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