#ETHETFsApproved #eth

SEC Approves SPOT ETH ETF, Recognizing ETH As Commodity

The U.S. Securities and Exchange Commission (SEC) recently approved a spot Ethereum (ETH) exchange-traded fund (ETF), implicitly recognizing ETH as a commodity. This move follows the approval of Ether futures ETFs, which was seen as an indication that the SEC views Ether similarly to how it views other commodities, despite not making an explicit classification​ (Cointelegraph)​​ (The Daily Hodl)​.

This approval has significant implications for the cryptocurrency market, suggesting that other spot Ether ETFs could soon follow. Analysts have noted that the SEC's decision aligns with previous approvals of spot Bitcoin ETFs, reinforcing the notion that both Ether and Bitcoin are likely to be treated similarly under U.S. regulatory frameworks​