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SEC Opens the Door for Spot Ether ETFs in Big Crypto Victory
News May 23, 2024 at 05:55 PM
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What You Need To Know
- Firms like BlackRock, Fidelity, VanEck and ARK are vying for crucial first-mover advantage in the race to launch a spot Ether ETF.
- Their interest has been piqued by billions of dollars gushing into new Bitcoin ETFs since January when the SEC signed off on trading in those products.
- SEC Chair Gary Gensler has been ambiguous on his views over whether Ether is a security,
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