Forbes: New company files to create an Ether ETF

posted almost 6 years ago
A newly formed company called EtherIndex LLC filed last Friday with the Securities and Exchange Commission to launch an exchange-traded fund based on ether, the cryptocurrency that powers the Ethereum network.

The filing is remarkably early for such a young cryptocurrency, especially one that has been beset by problems and volatility in the last month.

The recent activity around cryptocurrency ETFs indicates that many recognize the demand for legitimate digital currency investment vehicles. There is currently no way for investors to get ether exposure in their portfolios.

EtherIndex itself was only founded a month ago, and its filing is mostly incomplete, acting more as a shell or placeholder. It does not name an exchange, ticker, trustee or administrator.
Tags: news, blockchain