Efut And Btop Etfs Now Available In The Us

SEC approves first spot Ether ETFs

EFUT and BTOP ETFs now available in the US

SEC completes abrupt U-turn to approve Ethereum ETFs in politically driven move

The US Securities and Exchange Commission (SEC) on Thursday approved applications from VanEck and Bitwise to launch spot Ether ETFs. This is a significant development, as it is the first time that the SEC has approved a spot ETF for any cryptocurrency.

Spot ETFs are different from futures ETFs, which track the price of a futures contract for the underlying asset. Spot ETFs, on the other hand, track the price of the underlying asset itself. This means that spot ETFs are more directly exposed to the price of the underlying asset, and they can be more volatile as a result.

The approval of spot Ether ETFs is a major win for the cryptocurrency industry. It is a sign that the SEC is becoming more comfortable with cryptocurrency, and it is likely to lead to increased investment in the cryptocurrency market.

Here is a list of all the Etherum ETFs that are currently active in the US market:

• VanEck Ethereum Strategy ETF (EFUT)
• Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP)

The latest approval follows the debut of spot Bitcoin ETFs in the US in January. The SEC's approval of spot Ether ETFs is a further sign that the SEC is becoming more comfortable with cryptocurrency, and it is likely to lead to increased investment in the cryptocurrency market.