Joseph Edwards, head of research at Enigma Securities, said the Securities and Exchange Commission (SEC) has required exchanges to list Ethereum (ETH) spot exchange-traded funds (ETFs). in the US to update their records.
“Opposing an ETH ETF after BTC's approval always seemed like an odd case for the SEC to try to push forward, unless they were willing to open up questions about the status of Ethereum's securities more broadly and it's likely the call came somewhere to stay out of that fight," Edwards added.
