Ethereum

The US SEC is considering letting companies create ETFs based on Ether futures, a big step forward for the crypto industry. Around ten companies, including Volatility Shares, Bitwise, Roundhill, and ProShares, want to make these ETFs.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/af9d24a91908409f95f345bfd5ce6783.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://docs.google.com/forms/d/e/1FAIpQLSciKgFf70x1zJQZ2nukipsu8lX_21zHvrPbxPTMdmTmEC-CJg/viewform" rel="noopener noreferrer nofollow">Join Now</a>It’s not clear yet which ones will be allowed, but some officials say a few might get approval by October. Ether is a cryptocurrency that’s part of the Ethereum computer system, and it’s the second <a href="https://cryptosheadlines.com/bitcoins-position-among-the-worlds-biggest-companies/" rel="noopener noreferrer nofollow">biggest cryptocurrency in the world</a>.The <a href="https://cryptosheadlines.com/us-court-directs-sec-to-provide-clear-position-on-coinbases-rulemaking-petition/" rel="noopener noreferrer nofollow">SEC didn’t let people make ETFs with cryptocurrencies directly</a>, but in 2021, they allowed people to trade a fund based on future contracts of Bitcoin on the Chicago Mercantile Exchange. People have been thinking that a similar thing for Ether could happen next, since Ether futures also <a href="https://cryptosheadlines.com/bitcoin-trading-at-700-premium-on-binance-us-crypto-exchange/" rel="noopener noreferrer nofollow">trade on that exchange</a>.<blockquote>The SEC and the crypto industry are also arguing about making ETFs based on Bitcoin itself. A group of judges will decide if the SEC was right to say no to Grayscale Investments, a company that wanted to make an ETF based on their Bitcoin fund. <a href="https://cryptosheadlines.com/us-nears-approval-for-ether-futures-etfs-boosting-crypto-sector/" rel="noopener noreferrer nofollow">Read More...</a></blockquote>

US Nears Approval for Ether Futures ETFs – Boosting Crypto Sector

CryptosHeadlines.com

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