(Reuters) – Funding administration agency VanEck plans to cost a price of 0.20% for its proposed ethereum exchange-traded spot fund, in response to a submitting with the U.S. Securities and Alternate Fee on Friday.
Final month, the SEC accepted functions by Nasdaq, CBOE and NYSE to record ETFs linked to the value of ether, doubtlessly setting the stage for buying and selling of the merchandise later this 12 months.
9 issuers, together with VanEck, ARK Investments/21Shares and BlackRock (NYSE: ), hope to launch ETFs tied to the second-largest cryptocurrency after the SEC accepted a bitcoin ETF in January in a watershed second for the business.
The spot ethereum ETF permits buyers to realize publicity to the value of ethereum with out the problems and dangers of proudly owning ethereum straight.
