The Securities and Exchange Commission is reportedly on the verge of greenlighting exchange-traded funds linked to the spot price of Ethereum (CRYPTO: ETH).
What Happened: Discussions between asset managers and regulators are nearing their end and the hotly anticipated investment avenues could go up for listing as soon as July 4, a Reuters report indicated Wednesday.
Executives from two of the firms anonymously revealed that the process of amending the offering documents is down to resolving minor issues. A lawyer associated with one of the issuers stated that approval is likely just a week or two away.
Eight asset managers, including BlackRock, VanEck, and Grayscale Investments which had previously launched spot Bitcoin (CRYPTO: BTC) ETFs such as iShares Bitcoin Trust (NASDAQ:IBIT), VanEck Bitcoin ...Full story available on Benzinga.com
Benzinga