comparemela.com

Latest Breaking News On - Compare ethereum benchmark rate - Page 1 : comparemela.com

VanEck Files For First Ethereum ETF in US

On Friday, VanEckfiled for the first ethereum ETF in the U.S., a companion application to their bitcoin ETF filing currently under review by the SEC. That application, whose ruling has been pushed back until June at the latest, is one of 8 total bitcoin ETFs before the Committee. The proposed VanEck Ethererum Trust, which would  trade on the Cboe, would track the MVIS CryptoCompare Ethereum Benchmark Rate, an index developed by a VanEck affiliate that bears a lot of similarity to the rate underpinning VanEck’s potential bitcoin ETF. The benchmark would aggregate median prices from the most liquid, lowest risk five Ethereum exchanges worldwide. These prices would then be weighted by volume.

VanEck Files For Ethereum ETF As ETH s Price Staggers

According to a Form S-1 filed with the U.S. Securities and Exchange Commission (SEC), asset manager VanEck Digital Assets has filed for an Ethereum Exchange Traded Fund (ETF). Called VanEck Ethereum Trust, it would trade on the exchange Cboe BZX, if approved. The investment product would track the MVSI CryptoCompare Ethereum Benchmark Rate and would hold physical ETH. As Custodian, VanEck has appointed the Delaware Trust Company. Per the document, the custodian will hold the physical ETH. If the cryptocurrency trade downwards, VanEck will redeem or sell more shares. Selling the ETH has been ruled out. According to the document:

MV Index Solutions GmbH: MVIS CryptoCompare Ethereum Benchmark Rate and MVIS CryptoCompare Bitcoin Benchmark Rate Licensed to 3iQ

MV Index Solutions GmbH: MVIS CryptoCompare Ethereum Benchmark Rate and MVIS CryptoCompare Bitcoin Benchmark Rate Licensed to 3iQ
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.