Open trading for multiple spot Ether ETH$1,616 exchange-traded funds (ETFs), has been approved by the United States Securities and Exchange Commission (SEC). It is a move to broaden the investment appeal of Ether among institutional traders.
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Open trading for multiple spot Ether ETH$1,616 exchange-traded funds (ETFs), has been approved by the United States Securities and Exchange Commission (SEC). It is a move to broaden the investment appeal of Ether among institutional traders.
On April 9, after reviewing a proposed rule change submitted by BlackRock for its iShares Ethereum Trust (ETHA) on July 22, 2024, the SEC issued the approval. Similar approvals were granted to Bitwise Ethereum ETF ETHW$1.16, Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH), as well as Fidelity Ethereum Fund (FETH).
The SEC said in its response to the Nasdaq, that "the Exchange proposes to amend its rules to permit the listing and trading of options on the Trust."
"The Exchange states that options on the Trust will provide investors with an additional, relatively lower cost investing tool to gain exposure to spot ether as well as a hedging vehicle to meet their needs in connection with ether products and positions," it added.
21Shares digital asset manager has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund. This is followed after similar filings from rivals Bitwise and Grayscale.
According to the firm's April 9 Form S-1 registration statement, the 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin DOGE$0.158.
According to Cointelegraph, the 21Shares said Coinbase Custody would be the proposed custodian of its Dogecoin ETF but did not specify a fee, ticker or what stock exchange it would list on.
SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit
The CEO of crypto firm SafeMoon, Braden John Karony, has cited that the
US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed.
In a letter to New York federal court judge Eric Komitee on April 9, Karony’s attorney, Nicholas Smith, said the court should consider an April 7 memo from US Deputy Attorney General Todd Blanche that disbanded the DOJ’s crypto unit.
“The Department of Justice is not a digital assets regulator,” Blanche said in the memo, which added the DOJ “will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets,”
According to Cointelegraph, Blanche also directed prosecutors not to charge violations of securities and commodities laws when the case would require the DOJ to determine if a digital asset is a security or commodity when charges such as wire fraud are available.