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HomeCrypto NewsMarketVaneck Filed An Application With The SEC To Launch Ethereum Based ETF

Vaneck Filed An Application With The SEC To Launch Ethereum Based ETF

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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.

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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.

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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.

Read: VanEck SEC ETHEREUM ETF Application

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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