Here's your summary from Ether ETFs Inch Closer to US Approval, London Launces Crypto ETNs (https://www.youtube.com/watch?v=YJ0i8HO0Vg0) on the Bloomberg Television channel:
### TLDR:
Ether ETFs are inching closer to approval in the US, while London has launched crypto ETNs for professional investors.
### Key Points:
1. Approval of one filing for ether ETFs was seen last week, but the regulator still needs to sign off on another form known as S-1.
2. The London Stock Exchange has started trading physically backed Bitcoin and ether exchange traded notes for professional investors, following Europe's history of having crypto ETPs for several years.
3. Expectations for flows into these products from professional investors are low initially, but success may lead to a case for opening up to retail investors in the future.
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