Ethereum's coin of the realm, ether (ETH), will be available as an exchange-traded product next week, multiple news outlets are reporting.
Why it matters: Ethereum is the unchallenged second-biggest blockchain in the world, and an exchange-traded product is likely to be helpful for ether's price, as it has been for bitcoin.
Details: Sources are telling reporters that fund issuers are being asked to send final versions of their filings to the SEC, with those expected to go effective Monday after the market's close to allow trading as soon as Tuesday, July 23.
The agency gave exchanges permission to list the instruments in May.
