The SEC has quietly begun the process of weighing whether to approve an exchange-traded fund (ETF) for the cryptocurrency ether (ETH).
A new notice from the SEC reveals that the agency has begun weighing whether it will approve the proposed ETF.
The agency remarked in the notice:
The SEC is also seeking comments and feedback on which approach it should take, though notably, a previous comment solicitation went unanswered, according to the agency.
A representative for EtherIndex did not immediately respond to a request for comment.
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