WisdomTree Wants to Launch an Ethereum-based ETF

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The company WisdomTree has just filed with the Securities and Exchange Commission (SEC) an application to launch its own Ethereum exchange-traded fund (ETF).

According to the S-1 form filed by the company, if the ETF is approved by the regulator, WisdomTree has the intention to launch its ETF on Cboe BZX Exchange, which is the same platform where the firm plans to roll out its Bitcoin ETF, which is also pending approval from the regulator.

The Ethereum ETF is an investment product that allows investors to gain exposure to ETH without buying it directly, avoiding all risks associated to buying, storing or transferring the assets directly.

The company has written:

“As the Shares are listed on the Exchange, investors can indirectly invest in a portfolio comprised of ether through a traditional brokerage account. The Trust provides investors with the opportunity to access the market for ether through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring ether directly, acquiring it from an ether exchange, or mining it.”

We should remember that WisdomTree is the second company to file an application for an Ethereum ETF, as VanEck applied for its own ETH ETF at the beginning of the month.