Following the For those who don’t know, an exchange-traded fund (ETF) is a popular investment vehicle that trades on a stock exchange. It allows investors to buy shares that track the price of an underlying asset—which could be anything from gold and foreign currencies to crypto and tech stocks. If approved, a spot Ethereum ETF—just like a Bitcoin one—would mean a fund manager would take care of buying and storing the ETH digital coins, and invite people to buy shares that track their value. This would give people exposure to the second biggest cryptocurrency by market cap. Several prestigious financial firms have filed S-1 forms with the SEC. In short, companies file such forms to alert the regulator that they plan to offer securities to the public, and to provide a detailed breakdown of their business. Here are the filings currently sitting on the SEC’s desk awaiting approval. The SEC decision deadline for the proposed products varies from end of May to early August.BlackRock, the world’s biggest asset manager, The SEC The firm’s CEO, Larry Fink, is seemingly enthusiastic about the cryptocurrency and its network, and has Crypto asset manager Grayscale is awaiting an answer from the SEC after The current trust right now operates like a closed-end fund; the idea is that as an ETF, it would be easier for investors to redeem shares. Its Grayscale is a big part of the reason why Bitcoin ETFs are trading in the U.S. right now. In a landmark moment for the crypto industry last year, a judge We believe the case for spot #Ethereum ETFs is just as strong as it was for spot #Bitcoin ETFs. Today we submitted new regulatory filings that would further expand our product suite. (1/5) pic.twitter.com/AxhQx4HNqk— Grayscale (@Grayscale) April 23, 2024The ruling paved the way for the SEC to give the green light to spot Bitcoin ETFs. Despite this, the SEC doesn’t appear to be in a hurry to say yes to the latest approval—it And just last month, the firm Cathie Wood’s heavyweight tech investment management firm, ARK Invest, The ETF is in partnership with crypto ETF issuer 21Shares and names Coinbase, America’s biggest digital asset exchange, as its custodian—meaning that the recognized company would hold and store the ETH in the product. The decision deadline for the product is May 24. Financial services giant Fidelity made it clear that it wanted to drop an Ethereum ETF back in November when Cboe—the exchange where the product would trade—Then, in March, the massive firm filed its S-1 with the SEC for its Fidelity Ethereum Fund. The SEC will make a decision on the product on August 3. Asset manager VanEck was the first fund manager to The firm’s Bitcoin ETF has been a successful product, and VanEck even The Nasdaq in September Hashdex has several crypto ETFs already trading in Brazil. In the U.S., its Hashdex Bitcoin ETF was given the green light by the SEC in January, and began trading in March. The SEC will give a decision regarding the Ethereum ETF on May 30. Wall Street giant Franklin Templeton Its proposal says that it “may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers.” The SEC will make a decision on the product on June 11.Asset management giant Invesco The SEC will approve, deny, or delay the product on July 7.Digital asset investment firm Bitwise Matt Hougan, Chief Investment Officer at Bitwise, has Edited by Andrew HaywardEditor’s note: This story was updated after publication to note that Hashdex’s spot Bitcoin ETF did indeed begin trading.
