Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers are now wondering when the United States Securities and Exchange Commission (SEC) could give the green light to an Ethereum equivalent. 

For those who don’t know, an exchange-traded fund (ETF) is a popular investment vehicle that trades on a stock exchange. It allows investors to buy shares that track the price of an underlying asset—which could be anything from gold and foreign currencies to crypto and tech stocks. 

If approved, a spot Ethereum ETF—just like a Bitcoin one—would mean a fund manager would take care of buying and storing the ETH digital coins, and invite people to buy shares that track their value. This would give people exposure to the second biggest cryptocurrency by market…

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