What is known about the Ethereum ETF
The tool does not imply direct investment in Ethereum. Earlier this month, the department received six similar applications to launch an Ethereum ETF.
Direxion, which is engaged in asset management, separately decided to send a proposal to the agency to approve an ETF based on a basket of futures traded on the Chicago Mercantile Exchange — ethereum and bitcoin.
Prior to that, companies such as Kelly Strategic, WisdomTree and Kryptoin applied in the States to launch an exchange-traded fund based on Ethereum.
In July of this year, Nasdaq sent an application to the agency with clarifications to launch a spot bitcoin ETF. This was done on behalf of Valkirie Funds. The Coinbase cryptocurrency exchange was added to the document as a partner under a joint surveillance agreement.
