bitcoin etf, Cboe BZX, crypto assets, ETF, ethereum ETF, exchange traded fund, Exposure, filing, mvis, Regulations, Regulators, risks, S-1, SEC, US SEC, vaneck, Vaneck Digital Assets

Public documents show the wealth manager Vaneck has applied for an ethereum based exchange-traded fund (ETF). Vaneck Digital Assets’ Form S-1 filing with the Securities and Exchange Commission (SEC) was filed on May 7, while the company’s bitcoin-based ETF is still under review.

While Waiting for Approval for Its Bitcoin ETF, Vaneck Files With the SEC for an Ethereum Fund

The ETF and mutual fund manager Vaneck and its digital assets management subsidiary have filed with the SEC on Friday for an ethereum-based ETF. The filing mentions the ETF will be called the “Vaneck Ethereum Trust,†and the company hopes to list shares on the Cboe BZX Exchange. So far in the United States, the SEC has yet to approve a bitcoin-based ETF filing, but there’s been a flurry of applications in 2021 with Vaneck’s bitcoin ETF included.

Cboe is also mentioned as the listing exchange for Vaneck’s BTC application. The trust will hold ethereum (ETH) as share value will be based on the MVIS Cryptocompare Ethereum Benchmark Rate. MVIS or MV Index Solutions Gmbh is an affiliate of Vaneck Digital Assets. Essentially, if the ETH-based ETF is approved, retail and institutional investors can gain exposure to ETH.

“The trust provides direct exposure to ETH and the shares of the trust are valued on a daily basis using prices drawn from a carefully evaluated group of exchanges selected by MVIS,†the Vaneck filing notes. The wealth manager adds:

Risk Section Mentions 2017’s Highs and the Following Crypto Winter

In the risk section of the Form S-1 filing, Vaneck mentions that ETH experiences “extreme volatility in recent periods and may continue to do so.†The company mentions the 2017 bull run and says that a myriad of observers called the rise of ETH a “bubble.â€

“These increases were followed by steep drawdowns throughout 2018 in trading prices for ETH, and ETH prices remained depressed in 2019,†Vaneck stressed.

ETH could be “still be experiencing a bubble†Vaneck emphasizes in the filing and it may see a bubble period again. Ethereum markets have been on a tear in recent months and touched an all-time high on Thursday reaching $3,575 per unit. The blockchain asset ether has gained a whopping 1,572% against the U.S. dollar during the last 12 months.

What do you think about the Vaneck Ethereum ETF application? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. […]

Xem chi tiết: Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

Xem chi tiết: Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Infosys Chairman Advocates Regulation of Crypto Assets as Commodities in India

The chairman of major Indian company Infosys says that crypto should be regulated as an asset, like a commodity. He believes that crypto investors will significantly contribute to India’s economy. Infosys Chairman Wants Crypto Regulated as an Asset Infosys Chairman Nandan Nilekani says the Indian government should regulate crypto as an asset that can be […]

Xem chi tiết: Infosys Chairman Advocates Regulation of Crypto Assets as Commodities in India

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]

Xem chi tiết: Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’

The undefeated professional boxer Floyd ‘Money’ Mayweather recently spoke at the Bitcoin 2021 conference in Miami and was booed while speaking on stage. Mayweather’s speech wasn’t appreciated by members of the crowd because he didn’t discuss bitcoin much and toward the end, Mayweather said he believes another crypto will be “just as large as bitcoin […]

Xem chi tiết: Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’

Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles†concerning this possible venture. Dorsey: ‘Square Is Considering Making a […]

Xem chi tiết: Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

SHIB vs. DOGE – Who Is the Top Dog in Crypto Land?

Over the last few months two distinct dog cryptocurrencies, shiba inu and dogecoin, have been making waves within the crypto economy. While dogecoin has been around since 2013 and has seen massive gains during the last year, the relatively new ERC20 crypto shiba inu has jumped significantly in value as well. Both Dogecoin and Shiba […]

Xem chi tiết: SHIB vs. DOGE – Who Is the Top Dog in Crypto Land?

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]

Xem chi tiết: Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70%

Survey Finds Gen Z More Likely to Invest in Cryptocurrencies and Memes Over Traditional Investments

UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout

South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Other Articles