Second Ethereum ETF Filed in Canada
A second preliminary prospectus for an ether exchange-traded fund (ETF) has been filed Tuesday by Evolve Funds Group in Canada.
Payout on the notes would be dependent on the performance of the ARK Innovation ETF, an actively managed fund offered by Cathie Wood's ARK Investment Management.
Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.
Krpytoin also filed for a bitcoin ETF on Friday.
The proposed ETF would invest in companies who own bitcoin on their balance sheet, potentially serving as a proxy to the price of bitcoin.
Up to 15% of the fund would be invested in bitcoin, solely through the Grayscale Bitcoin Trust.