WisdomTree, an asset manager has filed for an exchange-traded fund (ETF) based on Ether according to the new S-1 filed with the Securities and Exchange Commission. It becomes the second firm to apply for Ethereum ETF application with US SEC.
The WisdomTree Ethereum trust would list on the Cboe BZX exchange under its determined ticker symbol. According to the filling, it does not have shown any crypto custodian.
WisdomTree is the second to apply for an ETH ETF following VanEck’s submission earlier this month. Approval of either could see Ethereum investment becomes more readily available to U.S retail traders. It would let users buy into ETF without taking ownership of the blockchain native token, ether.
It’s not for lack of trying, but many companies have filed for Bitcoin ETF over a year, including WisdomTree. The US SEC has not approved a single Bitcoin ETF. Canadian regulators have moved more quickly on both fronts. In Canada, multiple ETH ETFs have already gone live.
Canada’s largest digital asset manager 3iQ launched its BTC ETF on the Toronto stock exchange in April.
