Spot

<ul class="news-points">
 <li><strong>The Securities and Exchange Commission approved nine Spot Ether ETFs to launch on Tuesday.&nbsp;</strong></li>
 <li><strong>While Coinbase acknowledges it as a milestone, CEO Brian Armstrong reiterates that Ether is not a security.</strong></li>
 <li><strong>BlackRock’s ETF head highlights the potential of ETH ETFs to revolutionize the crypto space based on Ether’s utility.</strong></li>
</ul>
<p>The Securities and Exchange Commission (SEC) has approved nine Spot Ether ETFs for trading, highlighting the exchange-traded funds’ anticipated launch on Tuesday. In an X post, Coinbase hailed the much-awaited ETF launch as a significant milestone that opens up new opportunities for the expansion and diversification of the crypto economy.</p>
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   <p lang="en" dir="ltr">ETH ETFs have arrived.<br><br>Today, the SEC approved 9 spot ETH ETF applications. Their much celebrated arrival marks another important milestone for crypto in expanding access to and diversifying our cryptoeconomy.<br><br>Here’s why <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/o6KfgGlUDn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/o6KfgGlUDn</a></p>— Coinbase <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@coinbase) <a href="https://twitter.com/coinbase/status/1815525645318778894?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<p>Coinbase pointed to the efficiency of the Ethereum ecosystem, which boasts more than 15 million monthly active addresses and 300% growth in smart contracts. While ETH ETFs facilitate access to a differentiated crypto asset,…</p>
<p>The post <a href="https://coinedition.com/eth-not-a-security-sec-implicitly-confirms-with-approval-of-spot-ether-etfs/" rel="noopener noreferrer nofollow">ETH Not a Security: SEC Implicitly Confirms with Approval of Spot Ether ETFs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

ETH Not a Security: SEC Implicitly Confirms with Approval of Spot Ether ETFs

Coin Edition

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