SEC’s Ethereum ETF approval confirms ETH is not a security, experts say
The United States Securities and Exchange Commission (SEC) recently approved several spot Ethereum (ETH) exchange-traded funds (ETFs), a move that experts believe signals Ether’s status as a non-security. This decision, made on May 23, 2024, involved approving 19b-4 applications from major financial institutions like VanEck, BlackRock (NYSE: BLK), Fidelity, and others, enabling them to issue spot Ether ETFs. However, these ETFs still require S-1 approval from the SEC before they can officially launch. Picks for you JPMorgan CEO warns of potential ‘hard landing' for U.S. economy 44 mins ago Long-time crypto critic surprises with a related warning on privacy 1 hour ago ...