Asset management giant VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund called “VanEck Ethereum Trust.” If approved, its shares will be trading on the Cboe BZX Exchange.
The VanEck Ethereum Trust (the “Trust”) is an exchange-traded fund that issues common shares of beneficial interest (the “Shares”) that trade on the Cboe BZX Exchange, Inc. (the “Exchange”). The Trust’s investment objective is to reflect the performance of the MVIS® CryptoCompare Ethereum Benchmark Rate less the expenses of the Trust’s operations. .
Back in December, VanEck also submitted an application for a Bitcoin ETF.
The SEC is yet to approve an exchange-traded fund tied to the value of any cryptocurrency.