Exchange-traded investment (ETF) startup VanEck has filed for an ETF that is ether-based documents reveal.

The business, which currently has a proposed bitcoin ETF under review by the Securities and Exchange Commission (SEC) proposed an ETF that is ether Friday that could allow retail and institutional traders to achieve exposure to the world’s second-largest cryptocurrency by market limit without requiring them to directly purchase it.

VanEck intends to use Cboe BZX Exchange in the offering. The change that is same supplying help for VanEck’s proposed bitcoin ETF. The SEC has postponed any decision on VanEck’s bitcoin ETF proposition to month that is next. The SEC has had as much time because it legitimately can, about 240 times, to gauge ETF proposals into the past.

The securities which can be federal has yet to approve an ETF into the U.S.

If VanEck’s proposition is authorized, this might function as the U.S.’s first ether ETF, however the first in the united states. Canadian regulators have previously approved several ether ETFs. WisdomTree, another company hoping to introduce a bitcoin ETF into the U.S., has also detailed an ether item that is exchange-traded Germany and Switzerland.