Professor Jack Graves Provides Comments on SEC’s Move Toward Allowing for the Trading of Ether EFTs

Professor Jack Graves spoke with Marketwatch for the article “SEC Moves Closer to Blessing Ether ETFs, Cheering Crypto Fans” regarding opening the door for trading of securities based on ether, a form of cryptocurrency. Many experts expect this to soon open the door to ether exchange-traded funds (EFTs.) This would be done through traditional investment methods rather than a crypto wallet.

Ether works a little differently from bitcoin, coin transactions are verified by a subset of the people who hold them. That may have made the SEC uncomfortable, said Graves.  “I think there have been concerns about potential control or manipulation,” he said.

Listen to Professor Graves’ interview here.