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 SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.
The Hashdex Nasdaq Bitcoin Reference Price Index Fund will use a portion of the management fee to buy carbon credits and will be available as of August on Brazilian stock exchange B3.
The fund will invest 80% of its capital in crypto-miners and 20% in semiconductor companies that take advantage of cleaner energy sources.
ASIC said it is attempting to evaluate whether cryptos are appropriate underlying assets for an exchange-traded product.
Atlanta-based Invesco is an investment management firm with $1.5 trillion in assets.