Crypto News

Amended Spot Ether ETFs in the Works Several investment firms have submitted amended applications to the U.S. Securities and Exchange Commission (SEC) for spot ether exchange-traded funds (ETFs). These proposals have been filed with the SEC over the past few weeks and are currently under review. The amended applications have been submitted by major investment firms such as VanEck, ProShares, and Invesco. These firms are hoping to launch ETFs that track the price of ether, the second largest cryptocurrency by market capitalization. These ETFs would allow investors to gain exposure to the crypto market without having to directly hold the underlying asset. What Does This Mean for the Crypto Market? The submission of these amended applications signals a growing interest in the crypto market from traditional investment firms. As more and more companies seek to offer investment products linked to cryptocurrencies, it may lead to increased adoption and mainstream acceptance of dig...