WisdomTree has just filed an application to launch an exchange-traded fund (ETF) linked to Ether, according to data provided by the US Securities and Exchange Commission (SEC).
If approved, the WisdomTree Ethereum Trust will be listed on the Cboe BZX exchange. WisdomTree has chosen the same platform for the planned launch of its Bitcoin ETF, which is also pending SEC approval. WisdomTree has written:
"Investors can indirectly invest in a portfolio comprised of Ether through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring Ether directly, acquiring it from an ether exchange, or mining it."
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VanEck has previously filed with the SEC an application to launch an Ethereum ETF. The regulator has not yet approved any investment product of this type.