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In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has officially initiated proceedings regarding Grayscale’s spot Ethereum ETF.
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Ark Invest and 21Shares, two firms associated with Cathie Wood, have capitulated to the US Securities and Exchange Commission (SEC), which according to specialists, may be insisting, “cash creates or you will wait.” Also Read: SEC allegedly wants spot Bitcoin ETFs to do cash creates, not crypto, after possible meet-up with exchanges Ark Invest and 21Shares to do cash redemptions Ark Invest and 21Shares have joined the “cash creations club,” according to Eric Balchunas and James Seyffart, exchange-traded