This is the moment Ethereum bulls have been waiting for. The SEC's approval could open the floodgates for institutional money, potentially turbocharging ETH's market liquidity and price.
Well, Ethereum will finally be available to everyday folks, allowing them to invest without the stress of crypto wallets and exchanges. Plus, it has the SEC's backing.
Back in August 2023, Grayscale took the SEC to court and won. A three-judge panel of the District of Columbia Court of Appeals in Washington told the SEC, 'If you're okay with Bitcoin ETFs, you can't turn your nose up at Ethereum.'
Then in May, the SEC gave a tentative nod to these ETFs. But the crypto world was left hanging, waiting for the final green light. And boom! Here we are. The SEC dropped this approval with several others to follow in the coming weeks.
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