The U.S. Securities and Exchange Commission (SEC) has recently updated its website to include ProShares’ filing for an Ethereum spot exchange-traded fund (ETF).
This update, pointed out by the Bloomberg analyst James Seyffart suggests a rather quick turn around by the SEC but the actual listing might not be simultaneous with other ETFs.
SEC Affirms ProShares Ethereum ETF
ProShares, an investment firm that offers a variety of products, is entering the crypto market with an Ethereum ETF that seeks to invest in the price of Ethereum, which is the second-largest digital currency by market capitalization.
The filing was made under the 19b-4 form, which is a critical step in gaining regulatory approval to list on the New York Stock Exchange (NYSE). ProShares has chosen Coinbase Custody Trust Company as their custodian meaning that the fund management company is committed to following the rules and protecting investors’ money.
SEC just added the ProShares’ Ethereum ETF Filing to its we
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