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🎉 Congratulations 🥳 #ETH maxis approved Ethereum ETF by all major funds.
SEC approves key points of spot Ether ETF:
The Securities and Exchange Commission approved the sale of Spot Ether ETF in the United States on May 23, 2024.
This approval was issued after the Bitcoin ETF and ETP were approved in January 2024.
➪Trading will not start immediately; individual ETF registration statements still need to be approved by the Securities and Exchange Commission.
The Securities and Exchange Commission emphasized the prevention of fraud and manipulation and required a monitoring sharing protocol to be reached with the CME.
Correlation analysis shows a high correlation between CME Ether futures and the spot Ether market.
Investor protection and market integrity requirements include:
Pricing information and intra-day indicative value availability.
➺ Transparency of portfolio holdings.
➺ Monitor programs and monitor sharing protocols.
Concerns about the volatility and risks of Ether have been noted, but have not yet been fully addressed by the Securities and Exchange Commission.
Combining cryptocurrencies with traditional finance remains an important focus for the potential impact on the entire financial sector.
#ETHETF #ETH ETF #Ether #Crypto #Cryptocurrency News