WisdomTree Files Ethereum ETF Application as Bitcoin Bids Await SEC Decision

The asset manager becomes the second firm to submit an ETH ETF application with the U.S. regulator.

AccessTimeIconMay 27, 2021 at 9:23 p.m. UTC
Updated Sep 14, 2021 at 1:03 p.m. UTC

WisdomTree has filed for an ethereum exchange-traded fund (ETF), according to Securities and Exchange Commission (SEC) documents.

The ETF specialist firm, which already has a bitcoin ETF before the U.S. regulator, becomes the second U.S. fund shop to also vie for an ether product, after VanEck. Approval would see Ethereum investments become readily available to U.S. retail traders, who could buy into the ETF without taking ownership of that blockchain’s native token, ether.

WisdomTree Ethereum Trust would list on the Cboe BZX Exchange under a to-be-determined ticker symbol. It does not yet have a crypto custodian lined up, the form shows.

The SEC has not yet approved a single bitcoin ETF, let alone an ETH equivalent, making WisdomTree’s new filing a test case in the latest wave of applicants.

Canadian regulators have moved much more swiftly on both fronts. There, investors can choose between multiple bitcoin and ether ETFs.

WisdomTree did not immediately respond to CoinDesk’s request for comment.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC