Coindesk Logo

WisdomTree Files Ethereum ETF Application as Bitcoin Bids Await SEC Decision

WisdomTree Files Ethereum ETF Application as Bitcoin Bids Await SEC Decision

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.

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

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

AccessTimeIconMay 27, 2021, 9:23 PM
Updated Mar 8, 2024, 4:27 PM
Which is the wise one?
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.