BlackRock And NASDAQ Beg SEC To Allow Spot ETH ETFs
So, BlackRock and NASDAQ have decided to throw their hats into the ring and beg the SEC to approve an Ethereum exchange-traded fund (ETF) linked to the spot price of Ethereum. Because, you know, what could possibly go wrong with that? I mean, it’s not like crypto is known for its stability or anything.
If approved, this iShares Ethereum Trust would allow regular investors to trade Ether as easily as stocks can be traded. Because why should only professional traders get in on the fun of watching their investments plummet in value?
Potential Impact On Ethereum Price If The ETF Is Approved
Despite spot crypto ETFs being available in other countries, including Germany, France, and Canada, the SEC has been hesitant to greenlight a crypto ETF in the US. Probably because they’ve seen how well things are going over there.
ETH price remains above $2,000 | Source: ETHUSD on Tradingview.com
Featured image from DataWallet, chart from Tradingview.com