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VanEck Fires Starting Gun in Race for First U.S. Ether ETF

  • Application comes after three Ether ETFs launched in Canada
  • VanEck still waiting to get approval for U.S. Bitcoin ETF
Cryptocurrency Mining As Bitcoin Slides Amid Stocks Rout
Photographer: Akos Stiller/Bloomberg

VanEck Associates Corp. just kicked off a new push for an ETF tracking the cryptocurrency Ether.

If approved, the VanEck Ethereum Trust would hold Ether and value its shares daily based off the MVIS CryptoCompare Ethereum benchmark rate, according to a filing with the Securities and Exchange Commission.