After spot bitcoin ETF approval, eyes shift to ether fund decision

The US Securities and Exchange Commission’s approval of spot bitcoin ETFs last week marked a long-awaited milestone.

Though issuers have lined up to also offer ETFs that would hold ether directly, the regulator’s upcoming ruling on those is not necessarily straightforward, industry watchers say.  

Ark Invest and 21Shares filed jointly for a spot ether ETF in September. Fund group VanEck, which first applied for such a fund in 2021, refiled for one the same day. 

Grayscale Investments moved in October to convert its Ethereum Trust into a spot ether fund, while BlackRock revealed plans for a spot ether ETF the following month.  

Read more: Bitcoin ETF Tracker

Sandy Kaul, Franklin…

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