📣 VanEk has applied to register an ETF on Ethereum, indicating the growing interest of large financial institutions in cryptocurrency investments. 🚀 The majority, over 80% of initial investments in cryptocurrency ETFs, were made by retail investors.

🔹 VanEk's filing for an Ethereum ETF (ETH) indicates a change in trend, suggesting that large financial institutions are increasing their investments in Ethereum.

🔹 There is growing expectation that the S-1 registration for the ETH ETF will be filed in the coming weeks, and VanEk has already filed his Form 8-A.

🔹 This news comes as VanEk has just been appointed to launch Australia's first Bitcoin ETF.

How do you think this will affect the crypto industry? Share your thoughts in the comments! 👇