On May 22, the U.S. Securities and Exchange Commission (SEC) approved the first eight applications for Ether (CRYPTO: ETH) spot price exchange-traded funds (ETFs) from Grayscale, Bitwise, iShares, VanEck, Ark Invest, Invesco, Fidelity, and Franklin Templeton. Ether is the world's second largest cryptocurrency and the main coin of the Ethereum Network.

That announcement came just four months after the SEC cleared the first spot price Bitcoin (CRYPTO: BTC) ETFs for trading. But should investors assume these planned ETFs will set a firm floor under Ether's price and become compelling long-term investments? Let's review the five key facts to decide.

Image source: Getty Images.

Continue reading

Source Fool.com