VanEck Wants to List the First Ether ETF in the US

VanEck Wants to List the First Ether ETF in the US
фото показано с : coinjournal.net

2021-5-10 11:20

Asset manager VanEck intends to be the first company in the United States to list an Ether exchange-traded fund (ETF).

Asset manager VanEck has become the first firm to submit an application for an Ether ETF with the United States Securities and Exchange Commission. The firm wants to make it easy for retail and institutional investors to gain access to the second-largest cryptocurrency by market cap without directly owning it.

The ETF is named The VanEck Ethereum Trust, and it was published in a SEC filing on Friday. “The Trust’s investment objective is to reflect the performance of the MVIS® CryptoCompare Ethereum Benchmark Rate less the expenses of the Trust’s operations. In seeking to achieve its investment objective, the Trust will hold Ether (“ETH”) and will value its Shares daily based on the reported MVIS® CryptoCompare Ethereum Benchmark Rate,” the filing reads.

This latest development comes months after VanEck submitted its Bitcoin ETF proposal to the US SEC. The regulatory agency has received numerous Bitcoin ETF proposals but rejected all of them. Currently the SEC is reviewing nine Bitcoin ETF applications. There is optimism within the crypto space that the current management of SEC, led by Gary Gensler, will approve at least one Bitcoin ETF.

The VanEck Ethereum Trust is the first Ether-focused ETF filed in the United States. While the US is yet to approve a single Bitcoin ETF, Canada has already approved a few, allowing investors to gain exposure to the leading cryptocurrency. Furthermore, Canada recently approved three Ethereum ETFs, making it the first North American country to do so.

The US SEC is taking its time analysing the market. However, with a market cap above $2 trillion, several experts believe that the US is lagging behind other leading countries in the crypto space and will play catch-up in the future.

VanEck’s proposal comes at a time when Ether was performing well, with the cryptocurrency setting an all-time high above $3,800.

The post VanEck Wants to List the First Ether ETF in the US appeared first on Coin Journal.

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vaneck etf list wants ether coin journal

Источник: coinjournal.net

vaneck etf → Результатов: 126


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Vaneck Files for Crypto ETF That Gives Investors Exposure to Equity in Digital Asset Companies

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VanEck’s Chief Strategist Eyes Multi-Billion Dollar Investment in Bitcoin ETF

The launch of the first Bitcoin exchange-traded fund (ETF) could witness the space attracting as little as a few billion dollars, predicted Gabor Gurbacs. The director of Digital Assets Strategy at VanEck made the bullish prediction during an interview with CNBC Crypto Trader hosted by Ran Neuner, while explaining the possible outcomes from a successful.

2018-11-9 13:06


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VanEck Letter To SEC Details ‘Appropriate’ Answers To Bitcoin ETF Worries

Investment management firm VanEck has lobbied the US Securities and Exchange Commission (SEC) in a fresh attempt to interest the regulator in authorizing a Bitcoin exchange-traded fund (ETF). VanEck: Proposed ETF ‘Consistent’ With Law In a letter dated July 20, VanEck, which earlier this month announced it planned to collaborate with fellow operator SolidX to launch a fund, reiterated its belief that the industry was both ready and able to support it.

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VanEck and SolidX File for Physically Traded Bitcoin “Solid” ETF

New York-based investment management firm, VanEck has partnered with SolidX blockchain and Fintech company,  as part of a strategic move to launch a Bitcoin-backed ETF.   A Tall Ambition? According to an ETF Strategy report,VanEck asset management company in conjunction with SolidX blockchain and Fintech firm have drafted a joint SEC filing for a physically-backed bitcoin ETF that will be insured.

2018-7-17 23:00


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SEC ожидает комментарии по еще одному Bitcoin-ETF

Комиссия США по ценным бумагам и биржам (SEC) в очередной раз запросила комментарии относительно потенциального биржевого фонда на основе Bitcoin (ETF). Регулятор ценных бумаг попросил предоставить комментарии относительно предложения Cboe по торговле на бирже ETF SolidX Bitcoin Shares, который, в свою очередь, был предложен VanEck SolidX Bitcoin Trust.

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