U.S. SEC Calls for Comments on Spot ETH ETFs

Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of the bitcoin applications after a key loss in a court dispute with Grayscale, and SEC officials had argued that their resulting approval of bitcoin ETFs doesn’t apply to other tokens.

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