The famous asset manager filed another ETF with the US Securities and Exchange Commission (SEC). The details are here.
Another ETF filing with the SEC from the famous asset manager
Asset manager Wisdomtree a filing with the US Securities and Exchange Commission (SEC) did more. The company that applied to the SEC for a Bitcoin ETF earlier this year has made an official application, this time for the Ethreum ETF.
Ethereum’s popularity is growing day by day.. Considering the capacity of the network, Ethereum has also attracted the attention of Wisdomtree, which has started to gain more institutional adoption recently.
Recently, VanEck applied to the SEC to issue an Ethereum ETF.. Two Ethereum ETF applications are in front of the US Securities and Exchange Commission, Wisdomtree and Vaneck applications.
See: Bitcoin price is at critical threshold once again
SEC is yet neither Bitcoin nor Ethereum nor has it endorsed any crypto ETFs. New SEC Chairman Gary Gensler stresses need for more consumer protection. Because of this, the SEC filings were constantly postponing the review.
The review of the Bitcoin ETF by VanECK was delayed to mid-June.. We’ll soon see the SEC’s decision on crypto ETFs unless a new postponing decision is made by that date. He stated that he was late to confirm his. Pierce emphasized that they now have more information about the structure of cryptos than before.
Ethereum ETFs have been approved in recent months in Canada, right next to the USA.. Purpose Investments received approval from Canadian financial regulators in April. Traded on the Toronto Stock Exchange, ETHH has seen its assets under management (AUM) rise to over $169 million since trading began.
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