SEC Clarifies Approval of Bitcoin ETPs Does Not Extend to Ethereum ETPs
In a recent media briefing, SEC Chair Gary Gensler clarified that the approval of spot bitcoin exchange-traded products (ETPs) does not extend to spot Ethereum ETPs. The approval specifically pertains to bitcoin and should not be misunderstood as a green light for other cryptocurrencies. Gensler emphasized that there are no immediate plans to approve spot Ethereum ETPs.
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