The U.S. Securities and Exchange Commission (SEC) has agreed to consider applications from two leading asset managers, ARK Invest and VanEck, for spot exchange-traded funds (ETFs) that would directly own Ethereum.


According to the SEC's website, the agency has opened a 45-day public comment period for both filings. The public can offer their views on whether the SEC should approve or reject ETFs and what the potential benefits and risks of such products are.
ARK 21Shares Ethereum ETF is a joint venture between Cathie Wood's ARK Invest, a $60 billion investment firm known for bullish investments in innovative technologies, and 21Shares, a digital asset management company offering cryptocurrency ETPs in Europe.
The proposed ETF will track the price of ETH using the CME CF Ether-Dollar Reference Rate and adjust for expenses and liabilities.
This development does not mean that these ETFs will be accepted or that their probability of acceptance has increased. Even futures Ethereum ETFs have not yet been approved, and futures ETFs are expected to be approved by the SEC in October.
#BountyCreator# #HotTopicDiscussion# #ContentStar#
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
SunshineNvip
· 2023-09-23 04:49
Good Morning Dear 🙏 🌄 ☺
Reply0
MuratAcarvip
· 2023-09-22 08:34
👍🌹👍
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)