Ether, the second-largest cryptocurrency by market value, crashed hard Monday as prospects of a U.S.-led trade war weighed on risk assets. Data shows investors likely bought the dip, snapping up ...

Ether, the second-biggest cryptocurrency, briefly plunged as much as 27% before paring losses. Bitcoin held up better and was trading down about 2% to around $95,145 as of 8:51 a.m. in New York.

The structure of the fund will be similar to existing ETFs that hold either Bitcoin or Ether directly. The US regulator in a filing approved the so-called form 19b-4, one step in the overall ...