SEC signals possible approval of anticipated Ethereum spot ETFs

The Securities and Exchange Commission is moving closer to approving a highly anticipated ‘spot’ Ethereum exchange-traded fund as soon as this week, FOX Business has learned.

According to sources close to the Commission, the SEC and its Chairman Gary Gensler are taking cues from recent court rulings and prior guidance on Ethereum futures ETFs to grant nine issuers permission to offer products that track the daily price of the world’s second largest crypt