SEC Passed ETH ETF Due To Correlation Between CME ETH Futures And Some Spot ETH Trading Platforms

The post SEC Passed ETH ETF Due To Correlation Between CME ETH Futures And Some Spot ETH Trading Platforms appeared first on Coinpedia Fintech News

A recent post on X shared by Wu Blockchain reveals that the SEC passed the Ethereum spot ETF mainly due to the correlation between CME Ethereum futures and certain spot Ethereum trading platforms. Most of the SEC documents provide data evidence of high correlation, and the monitoring and sharing agreements of CME and others can help prevent fraud and manipulation. The SEC further in its analysis ensured that the ether-based ETP proposals provide sufficient investor protection and maintain market integrity.