From Nasdaq: 2024-05-29 11:43:00

The U.S. SEC approved the first eight Ether ETF applications, signaling a shift in how Ether is classified as a commodity instead of a security. Investors won’t be able to stake their holdings in these ETFs due to SEC regulations. The approval was likely to avoid legal battles with companies like Grayscale.

Although the Ether ETFs may attract attention, they are not expected to gain as much momentum as Bitcoin ETFs did earlier this year. Investors should consider fees and the inability to stake holdings before rushing to invest. The convenience of owning ETFs in a brokerage account should be weighed against the advantages of holding Ether directly.

Read more at Nasdaq: 5 Things to Know About Ethereum’s First Spot Price ETFs