The United States Securities and Exchange Commission (SEC) officially approved the trading of spot Ethereum ETFs.
This approval allows Americans to trade Ethereum through easy-to-use exchange-traded funds (ETFs) starting July 23, expanding access to the second-largest cryptocurrency.
The widely expected move follows a series of regulatory filings and comes after the New York Stock Exchange Arca announced it approved the listing of Grayscale and Bitwise Ethereum ETFs earlier on Monday.