Federal regulators approved investment product linked to Ether, boosting crypto industry. E.T.F.s tied to Ether price to be listed, aiming to simplify cryptocurrency investment.
Approval of Ether investment products could lead to wider adoption of digital currencies, similar to impact seen with Bitcoin E.T.F.s.
Approval process for Ether E.T.F.s by major financial firms like BlackRock and Franklin Templeton may take weeks or months.
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