As of Thursday, Franklin Templeton, BlackRock, Constancy, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted purposes for an ether ETF. They already supply spot bitcoin (BTC) ETFs, which have been launched mid-January. Since then, the funds have collected $11 billion value of BTC and helped propel the value of the biggest cryptocurrency by $52,000.