Digital Assets
Ethereum Nears SEC Approval
The U.S. securities regulator on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, multiple people familiar with the process told Reuters. Securities and Exchange Commission officials asked the exchanges to submit their revisions by the end of Tuesday, two of those sources said. While the exchange applications are the first step in a two-step approval process, a green light from the SEC would mark a major, and surprising, win for the cryptocurrency industry, which had been expecting a thumbs-down.