An exchange-traded fund (ETF) is a type of investment fund that invests in assets such as stocks, bonds, or commodities, and is traded on an exchange. ETFs are similar to mutual funds, but they differ in important ways.
ETFs are usually cheaper than mutual funds, and they can be traded throughout the day on an exchange.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is used to build decentralized applications (dapps) on its platform.
It is also used to issue new cryptocurrencies and tokens. These tokens can be used to represent assets or be used in decentralized applications.
Ethereum’s native currency, ether (ETH), is the second largest cryptocurrency by market capitalization. ETH is used to pay for transaction fees and gas costs associated with running decentralized applications on the Ethereum network.
There are currently no Ethereum ETFs available for purchase. However, there are a few Ethereum-based ETFs in development that may be available for purchase in the future. The first Ethereum ETF was filed with the U.S.
Securities and Exchange Commission (SEC) in July 2017, but it has yet to be approved. The SEC has also been slow to approve Bitcoin ETFs, so it is unclear when or if an Ethereum ETF will be approved.