Asset managers ARK Invest and 21Shares have just filed with US regulators a license for an exchange-traded fund (ETF) that will directly buy Ethereum (ETH), according to the US Securities and Exchange Commission (SEC).
The Ark 21Shares Ethereum ETF is the first attempt in the US to list a fund that can directly invest in ETH, the crypto with the 2nd largest market capitalization in the world.
This filing follows a series of Bitcoin Spot ETF filings last week by 7 other giant asset managers to the SEC although all of the filings are still pending.
The Ethereum spot ETF filing will be decided in mid-October by the SEC and is expected to be approved along with the Ethereum futures ETF.
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