The SEC has given the green light for ETFs that hold Ethereum, the world's second-largest cryptocurrency.
This comes about six months after the launch of Bitcoin ETFs, which saw some of the most successful debuts in the industry's history.
Combined, these funds have attracted more than $16 billion.
U.S. Bitcoin ETFs saw record inflows of $533.5 million ahead of the Ethereum ETF launch.
The arrival of Ethereum ETFs could spark another huge rally in the crypto markets, similar to the surge witnessed in Bitcoin when its ETFs were introduced.
Bitcoin rallied to a new all-time high of $73,000, fueled by the excitement around the new bitcoin ETFs.
However, I'm not buying any of these new and unproven Ethereum or Bitcoin ETFs.
And I'm not buying any expensive coins.
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Brian Hicks
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P.S. While everyone is focused on the new Ethereum ETFs, you can get ahead with this proven crypto "hack." Start today and see how you could benefit from returns that outperform even Bitcoin. Get the full details here.
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