SEC approves multiple firms to trade ETFs holding ether, increasing crypto mainstream acceptance

From Yahoo Finance: 2024-07-23 16:17:13

The SEC approved BlackRock, Fidelity, Franklin Templeton, Grayscale, and 21 Shares to trade exchange-traded funds holding ether, the world’s second-largest cryptocurrency. This move could lead to more mainstream acceptance of ether, potentially making it part of retirement plans. Meanwhile, approval for bitcoin ETFs was granted six months ago. Donald Trump is expected to speak at the Bitcoin 2024 conference in Nashville, showing support for digital assets. The GOP platform criticizes the Biden administration’s crackdown on the crypto industry and highlights the party’s support for cryptocurrencies. Trump, who previously called bitcoin a scam, now refers to cryptocurrencies as “amazing”. The price of bitcoin has risen over 6% in the past month, near an all-time high, while ether has fallen slightly in recent days.



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