Photo by André François McKenzie on Unsplash
Last week, the SEC approved spot ETF (Exchange Traded Funds) for the cryptocurrency Ethereum. Over the years, AGREEN1 has been sharing cryptocurrency development with its readers. The SEC will also allow for Bitcoin (BTC) and Ethereum (ETH) ETPs (Exchange Traded Product) shares.
To clarify, ETFs are funds traded on stock exchanges. Spot ETFs enable investors to buy and sell stock without needing to hold the asset itself. Spot ETPs invest directly in the asset. As of today, spot ETFs and spot ETPs have been approved by the SEC for the cryptocurrencies Bitcoin (BTC) and Ethereum (ETH).
