VanEck Applied To SEC For Its Ethereum ETF

After the Bitcoin ETF application, VanEck applied to the SEC for the Ethereum ETF this time.

VanEck applied to SEC for its Ethereum ETF. After the Bitcoin ETF application, VanEck filed an application to the SEC, this time for the Ethereum ETF. According to the document released today, an Ether ETF was proposed that will allow individual and institutional investors to benefit from their movements without investing directly in the asset itself. Currently, VanEck, whose Bitcoin ETF application has been reviewed by the SEC in recent months, will also work with CBOE for funding. The Ethereum ETF, if approved, will be listed in the CBOE and registered as the first Ethereum ETF in the USA. On the other hand, several Ethereum ETFs have been approved in Canada in recent weeks and these funds have started to be traded on the stock exchange. Assets under management of Purpose Ether ETF, one of those listed, quickly increased to over 28,000 Ethereum. While applying for Ether ETF, Bitcoin ETF has not been approved in the USA so far. In addition, the probability of a Bitcoin ETF being approved this year is seen as very high. He even claimed that the SEC could also approve multiple Bitcoin ETFs so as not to hamper competition.  

Source: Uzmancoin.com