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Title: SEC Set to Greenlight Ether-Futures ETFs in Win for Crypto Industry Post by: The Cryptovator on August 18, 2023, 10:04:51 PM Headline: "SEC Set to Greenlight Ether-Futures ETFs in Win for Crypto Industry (https://www.bloomberg.com/news/articles/2023-08-17/sec-said-to-be-poised-to-allow-us-debut-of-ether-futures-etfs-eth#xj4y7vzkg)"
Bloomberg, a prominent crypto news platform, has reported that the SEC is on the verge of granting approval for Ether-Futures ETFs, marking a significant victory for the cryptocurrency industry. While the accuracy of this information remains uncertain, the news arrives amid a challenging market decline, offering a glimmer of positivity. This development might potentially curb the downward trend of Ethereum's value. While the impact of ETF-related news may be limited, such announcements have been known to aid in mitigating severe declines during bear markets. |