Asset management firm VanEck has filed a proposal for an Ethereum exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
The SEC has been inundated with Bitcoin ETF filings but has yet to approve any type of crypto ETF, unlike Canada, which this year gave the green light to several for the first time. Van Eck’s own Bitcoin ETF filing is being reviewed by the SEC, which is expected to decide by June 17 or extend its deadline.
SEC Delays Decision on VanEck Bitcoin ETF
An ETF is a financial product that allows people to invest in an asset, in this case Ethereum, without buying it directly. Investors can buy and sell what amounts to a stock version of Ethereum that tracks ETH’s price. Shares in the VanEck Ethereum Trust would be calculated daily using prices from five Ethereum exchanges.
Traditional investors with wealth already have avenues for getting exposure to crypto assets without taking on the burden of storing them, most notably Grayscale. That firm contro
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