Based on the saga prospective Bitcoin ETF issuers have gone through, U.S. securities regulators would likely have to approve a spot Ether ETF, said Bloomberg analyst Eric Balchunas.
Ether rallied past $2,000 for the first time sine April on Thursday after it was revealed in a filing to the Nasdaq exchange that BlackRock, the world’s largest asset manager, is planning to launch an ETH ETF, the iShares Ethereum Trust.
Balchunas said that the Securities and Exchange Commission will likely have to approve an ETF linked to the spot price of Ethereum's native token, Ether, because it has already approved Ether futures ETFs.
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