SEC flooded with 12 Ethereum ETF applications in less than a week | Headlines | News | CoinMarketCap
08/04/2023 21:37
As of Aug. 3, the U.S. Securities and Exchange Commission (SEC) has received a total of 12 Ethereum (ETH) exchange-traded fund (ETF) applications. …
As of Aug. 3, the U.S. Securities and Exchange Commission (SEC) has received a total of 12 Ethereum (ETH) exchange-traded fund (ETF) applications.
The latest additions came from Bitwise, submitting new applications for equal-weight and market-weight versions of its Bitcoin and ETH futures ETFs.
This continues the flurry of Ethereum-related ETF applications that started on July 28 when Volatility Shares filed its submission. Since then, other asset managers, including Grayscale, Proshares, etc., have submitted new applications, with some having multiple filings.
James Seyffart, a financial expert with Bloomberg Intelligence, reported that ProShares had filed four Ethereum ETF applications with the SEC. Information on the regulator’s website shows that Bitwise has made three applications…