The US Securities and Exchange Commission (SEC) is now reportedly ready to consider approving exchange-traded funds (ETFs) that hold ether futures contracts. This is seen as a potential change of heart by the SEC, which had previously halted efforts to create such ETFs. While the regulator’s willingness to consider these offerings does not guarantee approval, it signals a shift in sentiment towards crypto-related ETFs. Industry experts and analysts believe that the SEC’s policy on crypto ETFs has been inconsistent and incoherent. The approval of bitcoin futures ETFs earlier this year has further fueled the confusion surrounding the SEC’s decision-making process.
AI Sentiment: Positive
