Kryptoin Files With Securities and Exchange Commission (SEC) to Create Ethereum ETF Trust

Kryptoin has filed for an Ethereum native token Ether (ETH) exchange-traded fund (ETF).

Kryptoin Files Securities and Exchange Commission (SEC) to Create Ethereum ETF Trust
Kryptoin

According to a Securities and Exchange Commission (SEC) filing report, the Delaware-based digital investment company wants to provide exposure to Ethereum at a price that is reflective of the actual Ethereum market.


Based on the filing report,


“The Trust’s investment objective is to provide exposure to Ethereum at a price that is reflective of the actual Ethereum market where investors can purchase and sell Ethereum, less the expenses of the Trust’s operations."

In addition, the filing states that in trying to achieve its investment objective, the Trust will hold Ether (ETH). And also, it says, "in seeking to ensure that the price of the Trust’s shares is reflective of the actual ETH market, the Trust will value its shares daily as determined by the CF Ether-Dollar US Settlement Price, which is an independently calculated value based on an aggregation of executed trade flow of major ETH spot exchanges.”

Based on the filing with the SEC, Kryptoin’s ETH ETF would run much like its proposed bitcoin ETF. This was initially filed for in 2019. Kryptoin revised its filing in April 2019. However, the SEC opted not to decide on Kryptoin’s bitcoin ETF in June of the same year.


As mentioned in the filing, if the request is approved, Kryptoin’s Ethereum ETF would be listed on the Chicago Board Options Exchange (Cboe). Cboe is the exchange other firms have opted for when filing for a bitcoin (BTC) ETF.