The U.S. Securities and Exchange Commission (SEC) has reportedly given final approval to some spot Ethereum Exchange Traded Fund (ETF) applications.
According to US media reports, some spot Ethereum ETFs are expected to start trading on Tuesday.
BlackRock, Fidelity Investments and Bitwise Asset Management are among the asset management firms expected to begin trading spot Ethereum ETFs.
STATEMENT FROM BLACKROCK AND FIDELITY INVESTMENTS
BlackRock announced that the SEC has declared the registration statement for BlackRock’s iShares Ethereum Trust ETF (ETHA) to be valid. The statement noted that the iShares Ethereum Trust ETF is expected to begin trading on Nasdaq on July 23.
In the statement made by Fidelity Investments, it was announced that the Fidelity Ethereum Fund (FETH), which aims to follow the performance of ether, will be launched.
Bitwise Asset Management also announced that the Bitwise Ethereum ETF (ETHW) is planned to start trading on the New York Stock Exchange on July 23.
SPOT BITCON ETF WAS APPROVED IN JANUARY
The SEC approved applications for a spot Bitcoin Exchange Traded Fund (ETF) in January.
Blackrock, VanEck, WisdomTree, Fidelity, Bitwise, Grayscale Investmens and Invesco were among the firms that applied to the SEC for a spot Bitcoin ETF.
Source: bigpara.hurriyet.com.tr
