The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between...
- The U.S. Securities and Exchange Commission could approve exchange traded funds tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters.
The SEC declined to comment. In an interview with Reuters earlier this month, SEC Chair Gary Gensler said the launch date depends partly on how quickly issuers respond to the regulator's queries. "Ethereum is not the same size in terms of market cap, nor does it have the same volumes," said James Butterfill, head of research at Coinshares.The price of ether has languished this month, falling more than 11%, alongside a 9.8% drop in bitcoin. Moves in bitcoin typically impact the price of ether.
The SEC has already approved the rule changes required for the New York Stock Exchange, Nasdaq and Cboe to list and oversee trading in the new products. That means that once SEC staff sign off on the filings, the products could start trading in as little as 24 hours.I personally own both of these S&P 500 Index ETFs. Here's why. The post 2 Canadian ETFs to Buy and Hold Forever in Your TFSA appeared first on The Motley Fool Canada.
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