Asset managers Invesco and Galaxy Digital have just filed a joint application with the US Securities and Exchange Commission (SEC) to launch an Ethereum-based ETF.
According to the document, the instrument will mirror the spot price of Ether. The asset will be stored by a separate custodian whose name has not been disclosed.
Recall that last September 27, the SEC put off until the end of the year its decision on similar applications from 21Shares and VanEck.
Ehereum futures ETFs could appear next week. In particular, digital asset manager Bitwise announced the launch of the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin ETF and Ether Equal Weight Strategy today.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
VanEck, Valkyrie, 21Shares and ARK Invest, Grayscale Investments and others have previously filed applications with the regulator for similar instruments.