Many major investment firms have received the green light from the SEC to list spot Ethereum ETFs in the United States. This is an updated list.

This was unexpected – but it happened.

Despite the historic approval of 11 Bitcoin spot ETFs in January, industry observers have been pessimistic that the U.S. Securities and Exchange Commission (SEC) will greenlight one. Similar version for Ethereum.

But on May 24, after months of no interaction with the candidates, the regulator quietly approved the products.

An exchange-traded fund (ETF) is a popular investment vehicle that trades on stock exchanges. It allows investors to buy shares that track the price of the underlying asset – be it gold, foreign currencies, cryptocurrencies and technology stocks.

The approval of spot Ethereum ETFs – much like Bitcoin funds – means fund managers can take care of buying and storing the ETH digital currency, and citizens can buy tracking shares their value. This will give everyone access to the second largest cryptocurrency by market capitalization.

Many reputable financial companies have received approval from the SEC. They still need to complete some more paperwork before the funds begin trading, but the products are expected to be available on stock exchanges this year.

Below are the ETH ETFs coming to market soon.

BlackRock

BlackRock, the world's largest asset manager, has received the green light for its iShares Ethereum Trust. They filed an S-1 for this product last November.

The company's CEO, Larry Fink, seems to be very interested in the cryptocurrency and its network, and has said that “there is value in having an Ethereum ETF.” He also talked about “tokenization” being inevitable.

Grayscale

Crypto asset management firm Grayscale has received approval from the SEC after filing a proposal in October to convert its Grayscale Ethereum Trust into a spot Ethereum ETF.

Currently, this Trust operates as a closed-end fund. But as it trades like an ETF, investors will easily exchange shares. Their Bitcoin Trust converted to an ETF in January, so there is precedent for how a crypto vehicle could convert to a spot ETF.

Grayscale plays a key role in helping Bitcoin ETFs trade in the United States. In a historic moment for the cryptocurrency industry last year, a judge sided with the company in a lawsuit, agreeing that the regulator lacked a reasonable explanation for rejecting the offer. Proposal to convert to Bitcoin ETF after years of rejection.

Ark Invest/21Shares

Cathie Wood's tech-focused investment management firm, ARK Invest, filed a proposal with the SEC for an Ethereum ETF in September.

The fund partners with crypto ETF issuer 21Shares and names Coinbase, the largest US digital asset exchange, as its custodian – meaning this accredited company will hold and store Store ETH in the product.

Fidelity

Financial services giant Fidelity has made it clear that it wants to launch an Ethereum ETF in November as Cboe – the exchange where the product will trade – filed a 19b-4 on behalf of the company.

Then, in March, the major company filed an S-1 with the SEC for its Fidelity Ethereum Fund.

VanEck

VanEck Asset Management was the first fund manager to file a proposal for an Ethereum ETF with the SEC in 2021. Later that year, they withdrew their proposal and later refiled.

The company's Bitcoin ETF has been a successful product, and VanEck has even waived fees to better compete with other funds in the market.

Hashdex

Nasdaq in September filed a proposal on behalf of Brazilian fund manager Hashdex for its Hashdex Nasdaq Ethereum ETF.

Hashdex has many crypto ETFs traded in Brazil. In the United States, their Hashdex Bitcoin ETF received the green light from the SEC in January and began trading in March.

Franklin Templeton

Wall Street giant Franklin Templeton entered the race in February when it filed a proposal with the SEC. The company's Franklin Bitcoin ETF launched earlier this year and trades under the ticker EZBC.

Invesco/Galaxy Digital

Asset management giant Invesco filed a proposal with Mike Novogratz's Galaxy Digital for an ETH ETF in September. The S-1 application stated that Invesco would be the sponsor of the product, while Galaxy Digital would “executive agent” – selling ETH to pay the expenses of the Invesco Galaxy Ethereum ETF.

Bitwise

Digital asset investment firm Bitwise filed an S-1 with the SEC to offer a spot Ethereum ETF in March.

Matt Hougan, Chief Investment Officer of Bitwise, has said that he expects ETH ETFs to launch in December – and predicts they will be more successful if approved later in the year. We'll have to see when they actually launch following the May approval. 

Source: https://tapchibitcoin.io/danh-list-cac-quy-etf-ethereum-giay-ngay-duoc-phe-duyet-o-my.html