Cboe’s BZX exchange has filed paperwork to launch the first spot ether exchange-traded funds for products tied to Ark 21 Shares and VanEck in the U.S.
Upon acknowledging the filings, the Once the U.S. Securities and Exchange Commission (SEC) will start a 240-day clock for a final decision.
Coinbase will act as the surveillance-sharing partner for both products as it as acted in many spot bitcoin ETF applications at the SEC’s table.
Should one or both of these applications be approved, it would mark a first for the U.S as there are no spot crypto ETFs yet.
