(Reuters) – Funding administration agency VanEck plans to cost a price of 0.20% on its proposed spot ethereum exchange-traded fund, in response to a U.S. Securities and Alternate Fee submitting on Friday.
The SEC permitted purposes from Nasdaq, CBOE and NYSE final month to checklist ETFs tied to the price of ether, probably paving the best way for the merchandise to start buying and selling 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 in January permitted bitcoin ETFs in a watershed second for the trade.
A spot ethereum ETF permits traders to realize publicity to the price of ethereum with out the problems and dangers of proudly owning ethereum instantly.