With spot Bitcoin ETFs coming to the market, it was only a matter of time before other crypto ETFs would hit the market. Among these, Ethereum is perhaps the most wanted altcoin and hence is expected to have the greatest demand when converted into an ETF.
A crypto ETF is actually the shares of a trust which are traded on an exchange.
As of 5th of December, 2023, there are only 6 applicants.
Table of Contents
Summary
| ETF Name | Sponsor (Launched by) | ISIN Code | Country |
|---|---|---|---|
| Ark/21 Shares ETH ETF | Ark Invest and 21 Shares | USA | |
| VanEck ETH ETN | VanEck | ||
| iShares ETH ETF | BlackRock | USA | |
| Hashdex Nasdaq ETH ETF | Hashdex | USA | |
| Grayscale ETH Trust | Grayscale Investments | US3896381072 | USA |
| Invesco Galaxy ETH ETF | Invesco Capital Management LLC | USA | |
| Fidelity Ethereum Fund | FD Funds Management LLC | USA |
1. Ark 21Shares Ethereum ETF
In an unexpected move, Cathie Wood, CEO of ArkInvest, has filed or a Ethereum ETF following victory of Grayscale in a case against the SEC by the US Court for the District of Columbia.
Ark Invest will issue Ethereum ETFs in collaboration of 21Shares. Ark will manage the marketing and distribution of these ETFs and 21Shares will manage the core financial part.
The trust will be managed under the name, Ark 21Shares Ethereum ETF, and was filed by Cboe Exchange with the US Securities and Exchanges Commission.
Coinbase Custody Trust Company will act as the Crypto Custodian. A custodian is a technology partner who is responsible for securing and transferring the Bitcoins that are to be held in the ETFs name.
Ark and 21 Shares also have filed for a Bitcoin ETF, which was later delayed by the SEC.
2. Van Eck Ethereum ETF
Van Eck also filed an Ethereum spot ETF with the SEC through Cboe Exchange.
Coinbase Custody Trust Company will act as the Crypto Custodian.
3. BlackRock’s iShares Ethereum ETF
On November 14, 2023, BlackRock filed for an Ethereum ETF with the SEC. The trust which is supposed to manage the ETF is known as iShares Ethereum Trust, a firm registered a week prior to the ETF filing. The Trust is registered as a Delaware Statutory Trust.
Also Read: BlackRock’s Bitcoin ETF’s Details
4. Hashdex Nasdaq Ethereum ETF
The Hashdex Ethereum ETF is a fully backed ETF which tracks the Nasdaq Ether Reference Price. It is currently listed with the Bermuda Stock Exchange and is currently open to institutional clients only.
The ETF has a net asset value of $24.8 million as on December 05, 2023.
5. Grayscale Ethereum Trust (ETF)
The Greyscale Ethereum Trust was launched by Grayscale Investments on Dec 14, 2017. The ETF will track the CoinDesk Ether Price Index (ETX) and has the ISIN code of US3896381072.
6. Invesco Galaxy Ethereum ETF
Invesco applied for a spot Ethereum ETF along with the Galaxy Digital as on September 29, 2023 with the US Securities and Exchanges Commission (SEC).
The trust is named as Invesco Galaxy Ethereum. Invesco Capital Management LLC is the sponsor of the trust.
7. Fidelity Ethereum Fund
Fidelity Investments filed for an Ethereum ETF on November 30, 2023, with the name Fidelity Ethereum Fund through the Cboe BZX Exchange. FD Funds Management LLC is the sponsor of the ETF.
The filing was just days after BlackRock filed for its iShares Ethereum ETF.
As an asset management company, Fidelity manages over $4.5 Trillion
2023, Das Crypto. This article is provided for information purposes only and is not meant to be used as a financial, legal, tax or any other kind of advice. Viewers are advised to consult proper experts before taking any action.
