Ethereum ETFs: Here are all the applications pending SEC approval.

followed by Historical proof 11 place Bitcoin trading currencies In January, industry watchers are wondering when the US Securities and Exchange Commission (SEC) might give the green light. Ethereum Equivalent.

For those who don't know, an Exchange Traded Fund (ETF) is a popular investment vehicle that trades on the stock exchange. It allows investors to buy stocks that track the value of an asset—which can range from gold and foreign currencies to crypto and tech stocks.

If approved, a Spot Ethereum ETF—like Bitcoin One—would mean that a fund manager would buy and store ETH digital coins and invite people to buy shares that track their value. This gives people exposure to the second largest cryptocurrency by market capitalization.

Several prominent financial firms have filed S-1 forms with the SEC. In short, companies file such forms to alert the regulator and to provide the public with assurances that they intend to provide securities and a detailed description of their business operations.

Here are the documents currently sitting on the SEC's desk awaiting approval. The SEC's decision deadline for the proposed products varies from late May to early August.

Blackrock

BlackRock, the world's largest asset manager; presented S-1 form for him Presented by iShares Ethereum Trust to the month of November.

SEC It's late The fund manager had until August 7 to make a decision on potential yields earlier this year.

The company's CEO, Larry Fink, seems very enthusiastic about the cryptocurrency and the network. he said. “It's worth having an Ethereum ETF,” he said, noting that “tokenization” is inevitable.

Gray scale

Crypto asset manager Greyscale is still waiting for an answer from the SEC. Filing A proposal made in October to convert the Greyscale Ethereum Trust into a single spot Ethereum ETF.

The current trust now operates as a closed-end fund; The idea is that like an ETF, it's easier for investors to redeem shares. His Bitcoin trust It was converted to an ETF in January, so how such a crypto vehicle transitions into a spot ETF already exists.

Greyscale is a big part of the reason why Bitcoin ETFs are currently trading in the US. In an amazing time for the crypto industry last year, a judge side by side with the organization Wall Street's biggest regulator has agreed with the firm to divest itself of plans to turn it into a Bitcoin ETF after years of debacle in court filings.

The decision paves the way for the SEC to greenlight the identification of Bitcoin ETFs.

Despite this, the SEC doesn't seem to be in a rush to say yes to the latest approval. pushed back About making a decision in January. The regulator now has until June 18 to say yes or no.

And just last month, the company presented Trust for “mini” Ethereum as well. The idea with the fund is that it will have a lower payout to the shareholders.

Arch Invest/21 shares

Cathy Wood's heavyweight technology investment management firm, ARK Invest; presented A proposal for an Ethereum ETF filed with the SEC in September.

The ETF has partnered with crypto ETF provider 21Shares and named Coinbase, America's largest digital asset exchange, as a custodian—meaning the accredited company holds and stores ETH in the product. The product decision deadline is May 24.

Loyalty

Financial services provider Fidelity made it clear in November that it wanted to list the Ethereum ETF on Cboe—the exchange where the product is traded.presented On behalf of the organization a 19b-4.

Then in March, the giant company filed an S-1 with the SEC for the Fidelity Ethereum Fund. The SEC will rule on the product on August 3.

Van Eyck

Asset manager VanEck was the first fund manager file Proposal for Ethereum ETF in 2021 with SEC. Later that year. He withdrew Proposal and then resubmitted.

The firm Bitcoin ETF was a successful product, and even VanEck removed Fees to better compete with other funds on the market. On May 23, the SEC is expected to rule on the product.

Hashdex

Nasdaq in September presented Proposal for Hashdex Nasdaq Ethereum ETF on behalf of Hashdex, the Brazilian fund manager.

Hashdex already has several crypto ETFs traded in Brazil. In the US, his Hashdex Bitcoin ETF was given the green light by the SEC in January, but is not yet trading on a stock exchange. In March, he said the Bitcoin futures ETF would eventually convert to a spot ETF. The SEC will issue a decision on May 30.

Franklin Templeton

Wall Street giant Franklin Templeton entered the competition During February presented A proposal filed with the SEC. Submission to the proposed Franklin Ethereum Trust PinchingThe process of locking digital coins or tokens to protect against blockchain congestion.

The proposal states that it “may, from time to time, dispose of the assets of the Fund through one or more trustees.” The SEC will rule on the product on June 11.

Invesco / Galaxy Digital

Asset management giant Invesco He submitted a proposal In September with Mike Novogratz's Galaxy Digital for ETH ETF. of S-1 form It notes that Invesco will sponsor the product, while Galaxy Digital will act as the “executive agent”—selling ETH to pay the costs of Invesco's Galaxy Ethereum ETF.

The SEC will approve, deny or delay the product on July 7.

In moderation

Digital asset investment company Bitwise presented His S-1 form With the SEC to file an Ethereum ETF position in March. Like Franklin Templeton's filing, Bitwise also mentions staking, stating that his Bitwise Ethereum Trust can hold a portion of the fund's assets through trusted stake holders to earn additional rewards.

Matt Hougan is the chief investment officer at Bitwise he said. He expects the ETH ETF to launch in December – and predicts that they will be more successful if approved later in the year.

Edited by Andrew Hayward.