Investment firm VanEck has filed an application with the US Securities and Exchange Commission (SEC) to launch an Ethereum-based Exchange Traded Fund (ETF).
If Ethereum ETF is approved, investors will have access to the second largest cryptocurrency by market capitalization using USA traditional exchanges.
According to the document, VanEck Ethereum Trust shares will be traded on Cboe BZX.
On May 6, the Ethereum price renewed its all-time high above $3600.
On April 21 Purpose Investments, CI Global Asset Management and Evolve Funds listed ETH financial instruments on the Toronto Stock Exchange.
On April 24, 3iQ Corp and CoinShares launched another Ethereum ETF in Canada.
On April 28, the SEC postponed consideration of VanEck’s application for launching an exchange-traded fund based on BTC until June 17.
If approved, VanEck will launch the first Bitcoin ETF in the United States. The SEC is also reviewing WisdomTree and Kryptoin BTC applications.