ETH-ETF approved!


Despite the fact that the previous events were quite unfavorable for Ethereum, the SEC, unexpectedly for many observers, has approved the application for the issuing of the Ether-ETF.


Frankly, it was a surprise presented by the SEC. I expected a long discussion, but everything was resolved relatively quickly. However, formal approval does not mean that the ETF can be released immediately. There is still a lot of paperwork to do before actually entering the market. According to experts, it will take weeks.


The SEC may have changed its position after the US Congress changed its position. In May, Congress passed several votes in favor of the crypto community. Dozens of Democrats joined the crypto-oriented Republicans.


This suggests a fundamental change in public opinion that politicians can no longer ignore.

And this is good. The fact of release of ETH-ETF is positive, but the received political and public support is even more important for crypto community.


#SEC  #Ethereum #ETF

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