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Constancy, an asset administration agency overseeing $4.5 trillion in property, has change into the most recent agency to hunt approval for a spot Ethereum (ETH) exchange-traded fund (ETF).
In a filing submitted to america Securities and Change Fee (SEC) on November 17, Constancy proposes to record and commerce shares of the Constancy Ethereum Fund on the Cboe BZX Change.
“Based on the Registration Assertion, every Share will signify a fractional undivided useful curiosity within the Belief’s web property. The Belief’s property will encompass ETH held by the Custodian on behalf of the Belief.”
Associated: BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently
Replace: @Fidelity joins the spot #ethereum ETF race by submitting a 19b-4 with @CBOE https://t.co/rxNEzpzh3g pic.twitter.com/o96XspPDEP
— James Seyffart (@JSeyff) November 17, 2023
This comes after current information that BlackRock formally filed for a spot Ether ETF, the iShares Ethereum Belief, with the SEC on Nov. 16.
BlackRock’s submitting comes almost per week after it registered the iShares Ethereum Trust with Delaware’s Division of Companies and virtually six months after it filed its spot Bitcoin ETF software.
This can be a creating story, and additional info shall be added because it turns into accessible.
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