Ether cryptocurrency ETFs are approved by the SEC
Federal regulators on Thursday approved an investment product tied to the cryptocurrency Ether, the most valuable digital asset after Bitcoin, in a major boost for the cryptocurrency industry.The Securities and Exchange Commission said a group of exchanges may begin listing investment products known as exchange-traded funds, or ETFs, tied to the price of Ether. The products would offer people a quicker and easier way to invest in cryptocurrencies, potentially boosting prices and promoting wider adoption of digital currencies.In January, the SEC approved similar products that track the price of Bitcoin, leading to a flurry of new investments that helped push the price of Bitcoin to a record high.The impact of Ether approval may take longer to hit the market. Before exchanges can begin off...