Ethereum

Bitcoin

Verge

According to a recent report by <a href="https://www.bloomberg.com/news/articles/2023-08-17/sec-said-to-be-poised-to-allow-us-debut-of-ether-futures-etfs-eth#xj4y7vzkg" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, U.S. securities regulators are on the brink of greenlighting exchange-traded funds (ETFs) based on ether (ETH) futures. Unlike traditional ETFs that hold the actual cryptocurrency, these proposed ETFs would be backed by derivatives contracts linked to the value of ether. 
Several firms have stepped forward with applications to list these innovative ETFs. However, the final nod of approval lies with the U.S. Securities and Exchange Commission (SEC). Sources suggest that the SEC’s endorsement could be just around the corner. 
It’s worth noting that the U.S. market already features ETFs tied to crypto derivatives, specifically those related to bitcoin futures. The crypto industry is on tenterhooks, anticipating the SEC’s decision on ETFs that would hold actual bitcoin rather than its derivatives. Financial behemoths like BlackRock are among those keen to introduce such products to the market. 
In recent times, the financial world has witnessed a significant uptick in the filings for Bitcoin and Ethereum exchange-traded funds (ETFs). This trend underscores the growing mainstream acceptance of cryptocurrencies and the desire of institutional investors to gain exposure to this burgeoning asset class. Here’s a closer look at this phenomenon: 
The surge in Bitcoin and Ethereum ETF filings is a testament to the maturing crypto industry and its increasing intertwining with traditional finance. As regulatory clarity improves and institutional interest grows, the landscape of crypto investment is set to evolve further, bringing new opportunities and challenges for investors and the broader financial ecosystem. 
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/u-s-regulators-reportedly-on-the-verge-of-approving-ether-futures-etfs/">U.S. Regulators Reportedly on the Verge of Approving Ether Futures ETFs</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

U.S. Regulators Reportedly on the Verge of Approving Ether Futures ETFs

CaptainAltcoin

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