Several asset managers in the cryptocurrency ecosystem have submitted applications for Ethereum (ETH) Exchange Traded Fund (ETF) products in the United States. Bitwise, Roundhill, VanEck, Grayscale, and ProShares are some of the major firms vying to list Ethereum ETFs. The anticipation for the first potential Bitcoin ETF from the US Securities and Exchange Commission (SEC) has led to increased interest in Ethereum ETFs. Key allies of the US, including Germany, Brazil, and Switzerland, already have Bitcoin ETFs trading on their national exchanges.

AI Sentiment: Positive