According to PANews: ProShares has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade an Ethereum spot ETF on the New York Stock Exchange (NYSE).

If approved, the ProShares Ethereum Spot ETF would provide investors with direct exposure to the second-largest cryptocurrency by market capitalization, without the need to hold the digital asset directly. This move comes amidst growing interest in cryptocurrency-related investment products, particularly ETFs, which offer a more accessible and regulated way for institutional and retail investors to gain exposure to the crypto market.