Ether Bears Lose $11M as ETF Hopes Lift ETH Prices
There’s a “90% chance” an ether futures ETF will be traded in the first week of October, one analyst said.
There’s a “90% chance” an ether futures ETF will be traded in the first week of October, one analyst said.
The fund’s new strategy to combine ether and bitcoin will be effective formally on Oct. 3.
VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.
SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs due to a looming government shutdown.
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
The U.S. Securities and Exchange Commission moved earlier than required to extend a couple of deadlines in the pile of spot bitcoin ETF applications awaiting responses.
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
The crypto industry is expected to transition into a formal, regulated asset management industry with more than $500 billion of assets over the next five years, the report said.
Gold ETFs dramatically shook up markets. A spot bitcoin ETF could do the same.