US SEC approves first spot ether ETFs to start trading Tuesday
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FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) - The U.S. Securities & Exchange Commission has told at least two of the eight firms that have applied to launch the first U.S. exchange-traded funds (ETFs) tied to the price of ether that their products can begin trading on Tuesday.
The new products from BlackRock VanEck and six others will begin trading Tuesday morning on three different exchanges. Those exchanges -- Cboe, Nasdaq and NYSE -- all confirmed they are prepared to launch trading.
(Reporting by Suzanne McGee)
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