According to documents from the US SEC, WisdomTree has filed for an Ethereum ETF.
The company is currently awaiting review for a Bitcoin ETF from the US SEC. It makes it the second US fund shop to file for both, following VanEck.
If it receives approval, Ethereum investments would become available for US retail traders, allowing them to buy into the ETF without having to actually own Ether, the native token of the Ethereum blockchain.
The plan is for the WisdomTree Ethereum Trust to be listed on the Cboe BZX Exchange although the ticker symbol is yet to be established. The form also indicates that it doesn’t have a crypto custodian lined up either.
You probably know this by now, but the US SEC has refused to approve any ETF. With Bitcoin ETFs being the ones most likely to receive approval one day, the Ethereum filing is more of a test case.
Meanwhile, Canada has taken the lead when it comes to ETFs, with regulators, so far, approving several bitcoin and ether ones.