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News Explorer — Spot Ethereum ETF Approval Sparks Celebration and Caution

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May 23, 10:16 pm
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Spot Ethereum ETF Approval Sparks Celebration and Caution

The U.S. Securities and Exchange Commission has approved eight spot Ethereum ETFs, following the approval of Bitcoin ETFs earlier this year. Lawmakers and Crypto Twitter celebrated the news, while some remained cautious about the implications. The approval does not change the bearish outlook for Ethereum.

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