ETF Store President: The Approval of the Ethereum Spot ETF Marks a New Shift in Crypto Regulation

2024-07-21 14:21:14

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ChainCatcher news, the president of ETF Store stated that the U.S. Securities and Exchange Commission's approval of the Ethereum spot ETF "strongly suggests that ETH is a commodity, not a security." This is a milestone moment as it indicates that crypto assets can transition from being classified as securities to commodities over time.

Market analysts are optimistic about the future of Ethereum, especially with the upcoming launch of five spot Ethereum ETFs on July 23 at the Chicago Board Options Exchange (Cboe). The transition to Proof of Stake (PoS) and the new ETF issuance are expected to generate significant investment interest.

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