Ethereum ETF Marks Historic Shift, Says VanEck CEO

As noted by van Eck, the exchanges now have the green light to list Ethereum spot exchange-traded funds .

He has added that their prospectuses still need to be approved by the SEC."We are in the process of getting comments from the SEC to get it in line with what their expectations are. I assume that it's true for all the other applicants for the spot ETF approval," the VanEck CEO added.Following the passage of the Financial Innovation and Technology for the 21st Century Act in the U.S.

The largest U.S. bank believes that these ETFs will receive a relatively modest $3 billion worth of inflows in 2024. However, this amount could double if staking is allowed.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

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