The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment objective is to gain exposure to the price of ether.”
Wisdomtree Follows Vaneck’s Lead and Files for an Ethereum-Based ETF
On Thursday, Wisdomtree revealed it wants to list an ether-based ETF on Cboe BZX Exchange, according to the firm’s latest S-1 filing. The SEC must approve the ETF and if the regulator does, investors can purchase Wisdomtree’s ether trust shares via regulated brokerage services.
The prospectus describes ether as “a digital asset that is not issued by any government, bank or central organization, and is the second-largest cryptocurrency by market capitalization behind bitcoin.” The WisdomTree Ethereum Trust is a Delaware statutory trust, invoked on March 8, 2021. The Wisdomtree ETH-based ETF’s sole objective is to:
Gain exposure to