• US SEC approves Spot Ethereum ETFs.
• Approval expands institutional access to Ethereum.
• Issuers await clearance for Ether-based ETFs.

The SEC has approved the issuance of Spot Ethereum ETFs, expanding access to the world’s second-largest cryptocurrency. Several issuers await clearance of their individual filings.

The US Securities and Exchange Commission has cleared the path to allow the issuance of Spot Ethereum Exchange-Traded Funds (ETFs), a major development in the nation’s crypto landscape. The decision arrives within five months of the SEC’s clearance of Spot Bitcoin ETFs.

Spot Ethereum ETFs stand as the second crypto-based ETF cleared by the SEC, paving the way for expanded access to the world’s second-largest cryptocurrency by market capitalization for institutions.

Watcher.Guru recently reported that BlackRock’s Spot Ethereum ETF has been registered with the DTCC under the ticker ETHA.