21Shares Files Amendment for Physical Ether ETF

IconCryptoNewsTerminal Staff08 Jul, 2024

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21Shares Files Amendment for Physical Ether ETF

21Shares has filed an amendment to its physical Ether ETF S-1 (registration statement). The news was reported by Watcher Guru, a crypto media outlet, via Twitter. There is growing demand for Ether-based exchange-traded funds (ETFs). On July 14, Grayscale Investments, a major player in the field, revealed intentions to convert its Grayscale Ether Trust into a spot ETF. A physical Bitcoin ETF has already been introduced by 21Shares. The business is still awaiting SEC approval for its Ether ETF. The SEC has not yet authorized a spot ETF that directly invests in cryptocurrencies. Due to regulatory uncertainty, the approval process for Ether ETFs has been delayed. 21Shares' recent move indicates the company's commitment to launching a physical Ether ETF. The SEC's decision on the amendment will be closely watched by the crypto community. ---

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