The SEC must approve a new Ethereum ETF proposal

Kryptoin has filed a petition with the US Securities and Exchange Commission to launch a physically-backed Ethereum exchange-traded fund, after resubmitting its Bitcoin ETF application in April (ETF).

Using the CF Ether-Dollar US Settlement Price, the investment vehicle attempts to provide exposure to the second-largest cryptocurrency.

The shares of the “Kryptoin Ethereum ETF Trust” will trade on the Cboe BZX exchange if approved.

Gemini Trust Company will offer custody for the Ether purchased by Kryptoin.

Kryptoin modified their original Bitcoin ETF proposal in April, which had been rejected by the SEC in 2019. The product's custodian is now Gemini, and the proposed exchange is Cboe BZX, according to the latest version of the file. The SEC indicated that it had begun analyzing the modified proposal in a public letter published on April 22.


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