The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year.
While the ETF issuers also have to get the green light before the products can launch, Thursday's approval is a major surprise win for those firms and the cryptocurrency industry, which until Monday had expected the SEC to reject the filings.
CRYPTO IS BEING MASS ADOPTED.
DIDN'T I TELL YOU IN THE DEEP BEAR MARKET THAT INSTITUTIONS WOULD BE BUYING?
REMINDER: IF YOU BUY THE ETF, YOU OWN NOTHING.
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