Coinbase receives approval for futures trading in the US and the SEC is considering approving an Ethereum ETF, signaling progress in the crypto industry.
Ark Invest and 21Shares have filed with the SEC to introduce an Ethereum Futures ETF, while the approval for their collaborative Bitcoin ETF remains pending.
Major financial institutions like BlackRock, Fidelity Investments, and VanEck applying for Bitcoin exchange-traded funds (ETFs) is a strategic marketing move that is reshaping the narrative of Bitcoin and boosting its credibility as a mainstream asset class in the eyes of seasoned financiers.
BlackRock's entry into the cryptocurrency market through a proposed ETF has attracted attention, but its interactions with the SEC indicate potential challenges ahead.
The race for the first spot Ethereum exchange-traded fund (ETF) in the United States has begun, with the Chicago Board Options Exchange filing 19b-4 applications for two Ethereum ETFs, and more filings are expected in the coming days, according to Bloomberg ETF analyst James Seyffart.
The pursuit of a Bitcoin exchange-traded fund (ETF) may contradict the purpose and ideals of the crypto industry, as it undermines financial sovereignty and poses unnecessary counterparty risks, while potentially impeding mainstream adoption and the ownership of actual Bitcoin.
Cathie Wood's Ark fund and 21Shares are seeking to establish America's first spot ether ETF, promising a safer way to trade the second-largest cryptocurrency, as the race to launch ETFs backed by bitcoin gains momentum.
The market is underestimating the potential impact and value of Spot Bitcoin ETFs, with analysts arguing that approval would lead to significant financial inflows and buying pressure, and that it is a good time to enter the market and start building a crypto portfolio, despite regulatory challenges. Ethereum could also benefit from a futures-based ETF listing, but there is caution about the SEC potentially classifying ETH as a security. Overall, the global crypto adoption is dependent on market maturity, regulatory intervention, and consistent long-term adoption.
The Nasdaq stock exchange has applied to the SEC to list an Ethereum ETF offered by Hashdex, which includes a combination of spot ether holdings and futures contracts, pioneering a new approach to cryptocurrency investment under the regulatory framework.
The US SEC is considering applications for spot crypto ETFs from Franklin Templeton and Hashdex, but there are delays in approving VanEck's and ARK's ether ETF applications.
The United States Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck, extending the deadline to December 25 and December 26 respectively, while the New York Stock Exchange Arca and Cboe BZX Exchange also filed proposed rule changes for various crypto ETFs on September 27.
The launch of Ethereum futures ETFs in the U.S. may be expedited due to the possibility of a government shutdown, with analysts suggesting that trading could begin as early as next week.
U.S. crypto exchange Kraken is planning to offer stocks and ETFs for trading, potentially becoming the first crypto exchange to explore options outside of crypto assets. The exchange is aiming to launch this service by 2024.
The U.S. Securities and Exchange Commission has delayed its ruling on the ARK 21Shares Bitcoin ETF application until January 2024, indicating that the first spot Bitcoin ETF is unlikely to launch before that time.
Valkyrie Investments has become the first asset manager to win approval from the Securities and Exchange Commission to offer an exchange-traded fund (ETF) featuring Ethereum futures, paving the way for retail investors to bet on the future price of the cryptocurrency.
VanEck has released TV commercials for its upcoming Ethereum futures ETF, suggesting that the launch may happen sooner than expected, leading to a marketing war among ETF issuers as approvals for Ethereum futures ETFs and spot Bitcoin ETFs are anticipated.
Stablecoin issuer Circle argues that stablecoins tied to other assets shouldn't be subject to financial trading laws, intervening in the SEC's case against Binance. Valkyrie begins buying ETH futures contracts, becoming the first U.S. ETF to offer exposure to Ether and Bitcoin futures under one wrapper. Coinbase receives regulatory approval in Bermuda to list perpetual futures for users outside the U.S., following its acquisition of a license to operate a spot exchange in April. Addresses holding at least 0.1% of bitcoin's supply have seen strong net inflows throughout Q3, indicating growing interest from organic buyers.
Bitwise Asset Management has announced the launch of two Ether futures ETFs on October 2, allowing investors to access Chicago Mercantile Exchange Ether futures.
Global asset manager VanEck has announced that it will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years, in an effort to give back to the community building the crypto protocol.
Summary: U.S. regulators provided minimal updates to the global crypto community this week, with the SEC approving VanEck's Ethereum futures ETF and lawmakers in Washington appearing to be less proactive than their European counterparts, while various crypto-related incidents and controversies unfolded on social media platforms.
The number of ETFs tied to cryptocurrencies, particularly ether, is expanding rapidly, making it easier for financial professionals to gain exposure to the crypto market, while the launch of ether futures products may indicate optimism for the approval of spot bitcoin products by the SEC.
Volatility Shares has canceled its plans to launch an Ether (ETH) futures exchange-traded fund (ETF) due to market changes, but plans to launch at a later date are still undetermined.
Three major Ethereum futures exchange-traded funds (ETFs) have been launched by VanEck, ProShares, and Bitwise, causing a spike in the cryptocurrency markets.
The launch of nine new Ethereum futures exchange-traded funds (ETFs) saw underwhelming trading volume of less than $2 million on the first day, with none of the products standing out as a clear winner, indicating that investors may prefer spot ETF products over futures.
The launch of futures-based ETH ETFs attracted little interest from investors, causing the price of Ether to drop to its lowest compared to Bitcoin since July 2022, prompting experts to advise rotating back to Bitcoin.
Ether (ETH) futures ETFs had a lackluster performance in their first week of trading, with low volumes compared to bitcoin (BTC) futures, prompting analysts to revise their bullish outlook and focus on bitcoin investments instead.
ProShares' Short Ether Strategy ETF, which aims to mirror the inverse performance of the daily S&P CME Ether Futures Index, is set to start trading in November following the approval of the first Ethereum futures ETFs.
A cryptocurrency exchange-traded fund (ETF) is expected to launch soon, but caution is advised as the market may have already factored in potential gains.
Several new Ethereum futures ETFs have been launched in the U.S., providing investors with a way to gain exposure to Ethereum without directly holding the cryptocurrency themselves. These ETFs offer a convenient and low-risk option for investors who are bullish on Ethereum's future but do not want to deal with the complexities and risks of owning and storing the digital asset.
Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.
