Another Ethereum ETF Is Waiting For the SEC’s Approval
There is another Ethereum ETF from the USA waiting to be approved by the SEC. It was filed by Wisdom Tree, a financial company that provides asset management and investment services. Their goal is to help the investors to buy crypto without actually buying crypto. Crypto investment is a financial trend now and many of them are interested but aren’t ready to hold Ethereum yet because of the asset’s volatility.
Wisdom Tree filed for the second Ethereum ETF in the USA. The first filing was applied by VanEck. Such funds were a dream of the American crypto enthusiasts for years and they can’t wait until the SEC approves them. The positive experience of the Bitcoin ETF in Brazil and Canada gives hopes for the better.
The attempts to file for the Bitcoin ETF are continuing for many years, and Wisdom Tree was among those who tried. The first was Gemini exchange owned by the Winklevoss brothers who are crypto billionaires now. Five requests are pending approval from the SEC at the moment.