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Net Sky
@netsky
Ethereum Spot ETF To Go Live Tomorrow In The USA The New York Stock Exchange Arca (NYSE Arca) has accepted and approved the trading of Ethereum exchange-traded funds by Grayscale and Bitwise, as a landmark in the acceptance of cryptocurrencies. The approval by the U.S. Securities and Exchange Commission now opens doors for investors to have access to regulated access to Ethereum without taking the rather complicated route of direct ownership. This just underlines growing integration of crypto assets into traditional financial markets. Grayscale and Bitwise have passed a two-step regulatory process, with initial approval from the SEC secured in May, soon to be followed by the start of trading. Final approval, due by Monday, would allow those ETFs to launch operations, opening the doors for investors to increase their playing field. This will not only just make cryptocurrency investments more accessible but also add to their legitimacy. ⬇️ ⬇️ ⬇️
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Net Sky
@netsky
At the same time, other large exchanges such as Cboe have their Ethereum ETFs launching, with heavyweights such as Fidelity and VanEck participating. The coordination of these launches can be really influential in the crypto market and in turn drive further acceptance and mainstreaming into core investment portfolios.
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