VanEck Fires Starting Gun in Race for First U.S. Ether ETF If approved, the VanEck Ethereum Trust would hold Ether and value its shares daily based off the MVIS CryptoCompare Ethereum benchmark rate, according to a filing with the SEC. Claire Ballentine and Vildana Hajric | May 10, 2021 (Bloomberg) -- VanEck Associates Corp. just kicked off a new push for an ETF tracking the cryptocurrency Ether. If approved, the VanEck Ethereum Trust would hold Ether and value its shares daily based off the MVIS CryptoCompare Ethereum benchmark rate, according to a filing with the Securities and Exchange Commission. The application comes after three Ether ETFs debuted in Canada last month, the first in North America to carry such an ETF label. The Canadian market is known for beating the U.S. in new ETF concepts, most recently with the launch of the first Bitcoin ETF.