• Asset managers have submitted Ethereum futures exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC).
• This filing comes less than two months after a slew of spot Bitcoin ETF applications were received by the SEC from traditional financial institutions, including BlackRock.
• At least six asset managers, including Grayscale, have filed Ethereum ETF applications with the SEC.
Asset Managers Filing Ethereum Futures ETFs
Asset managers have submitted an Ethereum (ETH) futures exchange-traded fund (ETF) filing application with the U.S. Securities and Exchange Commission (SEC). This comes in less than two months after a slew of spot Bitcoin (BTC) ETF applications were received by the SEC from several traditional financial institutions, including BlackRock. At least six asset managers, including Grayscale, have filed Ethereum ETF applications with the SEC.
Volatility Shares Triggers Wave Of Applications
Volatility Shares triggered this wave of applications on July 28th with its submission. Other firms who followed shortly afterwards include Bitwise, ProShares, VanEck, Roundhill and Grayscale who all filed their applications on Aug 1st.
Ethereum ETFs Aim To Provide More Investment Options
The goal of these filings is to provide investors more options when it comes to investing in cryptocurrency markets via regulated exchanges or products such as an ETF which would be approved by the SEC for public trading in US markets should it meet certain requirements set out by the regulator such as providing market liquidity and investor protection measures amongst other requirements set out by them.
Investors Interest Pivots From Bitcoin To Ethereum
This filing marks a pivot in interests from Bitcoin to Ethereum among asset managers seeking exposure to crypto markets through regulated products such as an ETH ETF which can be traded within US markets should it meet certain criteria set out by regulators such as providing investor protection measures and ensuring sufficient market liquidity amongst other prerequisites needed for approval from them in order for it to be publicly traded on US exchanges if approved following reviewal of their application(s).
Conclusion
In conclusion, asset managers have submitted multiple Ethereum futures exchange-traded fund (ETF) filing applications with the U.S Securities and Exchange Commission (SEC), marking a pivot away from Bitcoin towards Ethereum among investors seeking exposure to crypto markets through regulated products like an ETH ETF that can be traded within US exchanges if approved following regulatory reviewal according to certain criteria set out by them such as providing adequate market liquidity and investor protection measures amongst others needed for approval of their application(s).
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