The crypto market doesn’t look too great today regarding the digital assets’ prices, but there are all kinds of other bullish moves taking place in the crypto space.
For instance, it’s been revealed that WisdomTree has filed for an Ethereum exchange-traded fund (ETF), according to Securities and Exchange Commission (SEC) documents.
WisdomTree files for ETH ETF
CoinDesk notes that the ETF specialist firm, which already has a BTC ETF before the U.S. regulator, becomes the second U.S. fund shop to also vie for an ether product, after VanEck.
“Approval would see Ethereum investments become readily available to U.S. retail traders, who could buy into the ETF without taking ownership of that blockchain’s native token, ether,” the same online publication notes.
WisdomTree Ethereum Trust would list on the Cboe BZX Exchange under a to-be-determined ticker symbol. According to the form, it does not yet have a crypto custodian lined up just yet.
Check out the complete available notes in the original article.
Ethereum price prediction
It’s been just revealed that crypto trader Lark Davis said not too long ago that ETH’s value could erupt over 6x from its current price – it’s also important to note the fact that he sees the leading smart contract platform’s market cap rising to trillions of dollars.
In a new video, Davis said the following:
“I would say in the future a $2 trillion market cap for Ethereum is not actually that insane. I mean, right now Apple… the market cap currently for Apple is just a little over $2 trillion, almost $2.1 trillion. So we could see something like Ethereum which is the settlement layer of the cryptoverse right now with NFTs and DeFi and daily settlement, for payments and stuff like that. Although I’m crazy, I think this bad boy has a lot of room left to run.”