News summary
US SEC approves changes to Ethereum blockchain-related ETF rulesfreevideopokerjustlikecasino, many investment groups have benefited, and product listings still require a second round of approval.
Newsletter text
On May 24, Beijing time, the U.S. Securities and Exchange Commission (SEC) approved a proposed rule change, which paved the way for several asset management giants-BlackRock, Fidelity, Invesco and Ark Investment-to launch Ethereum-related exchange-traded funds (ETFs) on the Ethereum blockchain. Still, these companies still need to pass a second round of reviews and approvals before bringing their products to market. According to approval from the US SEC, Ethereum ETF is expected to be listed on the stock exchange, providing investors with more convenient trading channels. However, before issuing its own Ethereum ETF, each company must also submit an S-1 document and obtain regulatory approval before it can conduct trading on the exchange. [The U.S. SEC gives green light to support the Ethereum blockchain ETF] This decision means that the innovation of financial products and the integration of blockchain technology has taken another important step. As one of the important infrastructures in the cryptocurrency market, the potential listing of its native token Ethereum ETF indicates that investors will have more investment options. It also reveals the traditional financial industry's growing interest in cryptocurrency asset categories. For now, approval of the rule change opens the door for final trading in Ethereum ETFs, but it will take time for specific products to be launched because issuers still need to meet regulatory requirements.freevideopokerjustlikecasinoHe demanded, including the passage of the second round of approval. Investor attention to this emerging financial product is expected to increase as the subsequent approval process progresses.
