On July 9, 2025, the U.S. Securities and Exchange Commission (SEC) approved the first Ethereum-based Exchange-Traded Fund (ETF), marking a significant milestone for the cryptocurrency market. The approved ETF, which will track the price of Ethereum, is expected to begin trading on July 15, 2025, on the New York Stock Exchange (NYSE). This development has boosted market sentiment, with many investors expecting increased institutional investment in Ethereum and the broader cryptocurrency market.
The approval of the Ethereum ETF comes after months of delays and speculation, with the SEC finally deciding to greenlight the proposal from a prominent asset management firm. The move is seen as a major breakthrough for the cryptocurrency industry, which has been seeking clearer regulatory guidance and increased mainstream adoption.
