Ethereum

United

Bitcoin

Spot

<ul> 
 <li>ProShares has now unveiled the ProShares Ether Strategy ETF.</li> 
 <li>The SEC has been notoriously slow to approve Bitcoin ETFs.</li> 
</ul> 
Ether Futures Exchange Traded Funds (ETFs) by major players like <a href="https://thenewscrypto.com/vaneck-launches-efut-the-only-ethereum-futures-etf-structured-as-a-c-corp/" target="_blank" rel="noopener noreferrer nofollow">VanEck</a> and Proshares goes live, marking a new era for the cryptocurrency sector and the ETF market as a whole.&nbsp; The <a href="https://thenewscrypto.com/grayscale-files-with-the-sec-to-transform-ether-trust-into-spot-ether-etf/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> has been notoriously slow to approve Bitcoin ETFs, so this news comes as somewhat of a surprise. 
According to the filing, VanEck’s VanEck Ethereum Strategy ETF (CBOE: EFUT) provides investors with an innovative way to have exposure to digital assets by seeking capital gain via investments in Ethereum (ETH) futures contracts. 
<h3 class="wp-block-heading" id="h-exposure-to-crypto-assets">Exposure to Crypto Assets</h3> 
Standardized, cash-settled ETH futures contracts traded on <a href="https://www.cftc.gov/" target="_blank" rel="noopener noreferrer nofollow">CFTC</a>-regulated commodities exchanges are EFUT’s primary investment vehicle. The fund is now focused on Ethereum futures on the Chicago Mercantile Exchange (<a href="https://www.cmegroup.com/" target="_blank" rel="noopener noreferrer nofollow">CME</a>), one of the world’s most established and strictly regulated futures markets. 
The same company, ProShares, which launched the first exchange-traded fund (ETF) based on Bitcoin futures in the United States, has now unveiled the “ProShares Ether Strategy ETF.”&nbsp; This offering gives buyers the chance to gain exposure on the future price of Ethereum. Two more Exchange Traded Funds (ETFs) from ProShares provide exposure to both Bitcoin and Ethereum combined. 
Conventional investors who may be wary of crypto ownership in its purest form may benefit from these ETFs in a number of ways, including regulatory supervision, tax efficiency, and ease of access. 
These Ethereum futures exchange-traded funds are creating ripples in the cryptocurrency industry, but they are only following in the footsteps of Bitcoin futures ETFs. In late 2021, ProShares introduced the first Bitcoin futures exchange-traded fund (ETF) in the U.S, giving investors a regulated way to track Bitcoin’s price changes. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/grayscale-files-with-the-sec-to-transform-ether-trust-into-spot-ether-etf/" target="_blank" rel="noopener noreferrer nofollow">Grayscale Files With the SEC To Transform Ether Trust Into Spot Ether ETF</a>

Several Ether Futures ETFs Go Live Including VanEck’s

Table of Contents

TheNewsCrypto

Other articles published on Oct 2, 2023

5 Best Generative Artists Making Tides in the NFT Landscape

Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport

Bitcoin soars following U.S. shutdown aversion and ETF launch hopes

Canto (CANTO): The Overlooked Crypto Asset With Big Potential

Ethereum Whales Accumulate ETH as Ethereum Futures ETF Approval Nears Certainty

Space and Time’s Verifiable Compute Layer Is Integrated into Core Chainlink Functions

Join our free newsletter for daily crypto updates!