AsianFin--The U.S. Securities and Exchange Commission (SEC) has approved a rule change Thursday that would pave the way for ETFs that buy and hold Ether, one of the world’s largest cryptocurrencies.

The decision comes less than six months after the SEC approved bitcoin ETFs. Those funds have proven to be a big success for the industry, with net inflows already surpassing $12 billion, according to FactSet.

Specifically, the SEC’s order approves applications from various exchanges to list eight different Ether funds. The order technically does not approve the funds themselves or set a date for the ETFs to begin trading.