Jump to content

Wisdomtree Files for an Ethereum ETF with the SEC - Piracy News and Crypto Updates - InviteHawk - Your Only Source for Free Torrent Invites

Buy, Sell, Trade or Find Free Torrent Invites for Private Torrent Trackers Such As redacted, blutopia, losslessclub, femdomcult, filelist, Chdbits, Uhdbits, empornium, iptorrents, hdbits, gazellegames, animebytes, privatehd, myspleen, torrentleech, morethantv, bibliotik, alpharatio, blady, passthepopcorn, brokenstones, pornbay, cgpeers, cinemageddon, broadcasthenet, learnbits, torrentseeds, beyondhd, cinemaz, u2.dmhy, Karagarga, PTerclub, Nyaa.si, Polishtracker etc.

Wisdomtree Files for an Ethereum ETF with the SEC

Recommended Posts

Asset manager Wisdomtree has filed for an Ethereum exchange-traded fund (ETF), as the Securities and Exchange Commission continues to mull over its Bitcoin ETF application from earlier this year. 

The move comes amid Ethereum’s growing popularity. With Ethereum having a far greater use-case compared to its older, larger counterpart in Bitcoin, institutions are finally taking notice. It’s also important to note that, leading up to May’s flash crash, Ethereum was outperforming Bitcoin by a wide margin.

Despite the crash sending Ethereum (ETH/USD) tumbling 40% from its highs, the second largest cryptocurrency by market capitalization continues to outperform Bitcoin (BTC/USD) for the year. Source: Tradingview.com
If approved, Wisdomtree’s Ethereum ETF would become the second U.S. exchange-traded fund after Vaneck’s. This would allow traditional investors in the stock market to gain exposure to Ethereum without directly purchasing the crypto.

The prospectus classified Ethereum as a “digital asset that is not issued by any government, bank or central organization, and is the second-largest cryptocurrency by market capitalization behind Bitcoin.” 

“Gain exposure to the price of ether, less expenses, and liabilities of the Trust’s operations. In seeking to achieve its investment objective, the Trust will hold ether and will value its Shares daily based on the [CF Ether-Dollar US Settlement Price], which is an independently calculated value based on an aggregation of executed trade flow of major ether spot exchanges.”

Some Canadian ETF-makers have already launched their signature Ethereum funds. Purpose Investments, for instance, received the greenlight from Canadian financial regulators back in April. Since its launch, ETHH — which trades on the Toronto Stock Exchange — saw its assets under management (AUM) grow to over $169 million. 

For Wisdomtree, its Ethereum Trust is set to be listed on the CBOE BZX Exchange. It appears that there are still details that haven’t been ironed out, as its ticker and crypto custodian have yet to have been determined. 

With the SEC putting a delay on its review of the first several Bitcoin ETF applications, there’s no telling when and if Wisdomtree’s Ethereum ETF will be approved. VanEck’s Bitcoin ETF application, which was the very first in line for review by the SEC, was delayed to June or later

Link to comment
Share on other sites

Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and user will be warned if it happens again. If caught spamming, the following actions are applicable -

  • First time - Warning
  • Second time - 5000 Points will be deducted
  • Third time - Ban for 7 days
  • Fourth time - Permanent Ban

If the post helped you, reward the user by reacting to the post like this -


Link to comment
Share on other sites

The last post in this topic was made more than 14 days ago. Only post in this topic if you have something valuable to add. Irrelevant posts are not allowed and you will be warned/banned for spamming old topics.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Read this before posting -
  • Only post if you have something valuable to contribute.
  • Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and you will be warned if it happens again.
  • If the post helped you, reward the user by reacting to the post like this -                      1.jpg
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Customer Reviews

  • Similar Topics

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.