WisdomTree Files With SEC for an Ethereum ETF

Fazzaco learned that WisdomTree, an exchange-traded fund (ETF) sponsor and index developer headquartered in New York, has applied for the approval of an Etheruem (ETH) ETF in the United States.

Earlier in March 2021, WisdomTree filed for a Bitcoin ETF. A bitcoin ETF would provide retail and institutional investors a chance to invest in a regulated financial product incorporating the world's oldest cryptocurrency, without requiring them to invest in the crypto directly.

According to the S-1 form submitted to the Securities and Exchange Commission (SEC), the ETF would be named WisdomTree Ethereum Trust and, if approved, will be listed on the Cboe BZX Exchange.

A section of the filing stated, "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."