Ethereum ETFs: ProShares Latest to Seek SEC Approval

ProShares has filed an application for an Ethereum Exchange-Traded Fund (ETF), the latest move in a flurry of activity that signals growing mainstream acceptance of cryptocurrencies. The Securities and Exchange Commission has acknowledged the filing and will begin a review process, potentially paving the way for yet another investment vehicle tied to Ethereum (ETH). This […]

The post Ethereum ETFs: ProShares Latest to Seek SEC Approval appeared first on Coin Edition.

Ethereum ETFs: ProShares Latest to Seek SEC Approval

  • SEC adds ProShares’ Ethereum ETF filing, highlighting ETF traction in crypto regulation.
  • ProShares aims to replicate success with Ethereum ETF after SEC’s spot ETH futures approval.
  • Uncertainties surround ProShares’ Ethereum ETF as SEC evaluates risks and merits.

ProShares has filed an application for an Ethereum Exchange-Traded Fund (ETF), the latest move in a flurry of activity that signals growing mainstream acceptance of cryptocurrencies.

The Securities and Exchange Commission has acknowledged the filing and will begin a review process, potentially paving the way for yet another investment vehicle tied to Ethereum (ETH). This follows the SEC’s recent approval of eight other Ethereum-related ETFs.

While the SEC’s initial approval of 19b-4 filings from eight asset management firms for spot Ether ETFs on U.S. exchanges marked a milestone, ProShares aims to distinguish itself with a unique Ethereum-focused offering.

The post Ethereum ETFs: ProShares Latest to Seek SEC Approval appeared first on Coin Edition.