Jane

Equal

Bitcoin

Grayscale Bitcoin Trust

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126118/333017/ethereum-coin-media-libra.jpeg" srcset="https://cimg.co/news/126118/333017/responsive-images/ethereum-coin-media-libra___media_library_original_1200_800.jpeg 1200w, https://cimg.co/news/126118/333017/responsive-images/ethereum-coin-media-libra___media_library_original_900_600.jpeg 900w, https://cimg.co/news/126118/333017/responsive-images/ethereum-coin-media-libra___media_library_original_720_480.jpeg 720w, https://cimg.co/news/126118/333017/responsive-images/ethereum-coin-media-libra___media_library_original_600_400.jpeg 600w, https://cimg.co/news/126118/333017/responsive-images/ethereum-coin-media-libra___media_library_original_300_200.jpeg 300w" width="1200" class="content-img" alt=""><figcaption>Source: Adobe</figcaption></figure>Investment management firm&nbsp;ProShares Advisors&nbsp;has introduced six new futures products for Ether, marking the cryptocurrency's debut in the ETF market.&nbsp;The newly launched ETFs, released on Monday, offer investors exposure to Ether through futures contracts rather than direct investment in the cryptocurrency.Among the new ETFs, ProShares Advisors is behind three: Ether Strategy ETF (EETH), Bitcoin &amp; Ether Equal Weight Strategy ETF (BETE), and Bitcoin &amp; Ether Market Cap Weight Strategy ETF (BETH).&nbsp;By tracking the performance of Ether futures contracts, these ETFs bring regulated exposure to the cryptocurrency market.&ldquo;What we know is the futures ETFs are here today and what&rsquo;s important about that is that the regulated futures market resolves a lot of the challenges as the spot market is maturing,&rdquo; Simeon Hyman, ProShares&rsquo; global investment strategist,&nbsp;<a href="https://www.cnbc.com/2023/10/06/the-firm-behind-the-largest-crypto-etf-just-debuted-ether-futures-etfs.html">told CNBC&rsquo;s &ldquo;ETF Edge&rdquo;</a>&nbsp;on Monday.The U.S. Securities and Exchange Commission (SEC) is currently reviewing the potential approval of a spot bitcoin ETF.&nbsp;This comes after a judge ruled against the SEC's argument to prevent the conversion of a Grayscale Bitcoin Trust (GBTC) into an ETF.Previously, the SEC had consistently rejected similar products in recent years.&nbsp;In contrast, ProShares manages the Bitcoin Strategy ETF (BITO), the largest bitcoin futures ETF available, which has shown impressive growth of over 37% year to date.&ldquo;We have a full suite of crypto solutions,&rdquo; said Hyman. &ldquo;We&rsquo;re the largest crypto ETF provider.&rdquo;The BETE and BETH ETFs offer exposure to two of the most prominent cryptocurrencies, making them logical additions to ProShares' product lineup.<h2 id="strong-eu-s-first-spot-bitcoin-etf-goes-live-strong">EU's First Spot Bitcoin ETF Goes Live</h2>Last month, London-based Jacobi Asset Management announced the release of&nbsp;<a href="https://cryptonews.com/news/eus-first-spot-bitcoin-etf-goes-live-euronext-amsterdam-exchange.htm">Europe&rsquo;s first spot Bitcoin</a>&nbsp;ETF, which will be listed on the EuroNext Amsterdam Exchange.The ETF went live after a&nbsp;<a href="https://cryptonews.com/news/europes-first-spot-btc-etf-set-for-its-debut-2023-heres-what-you-should-know.htm">one-year</a>&nbsp;delay due to unfriendly market conditions after it received approval from the Guernsey Financial Services Commission (GFSC) in October 2021.&nbsp;The fund charges its clients a 1.5% annual management fee with authorized participants including Jane Street and DRW.&nbsp;The launch of the EU's first spot Bitcoin ETF comes amid a surge in applications for such products in the US.&nbsp;In June, asset management firm&nbsp;<a href="https://cryptonews.com/news/confirmed-10-trillion-asset-manager-blackrock-takes-leap-into-crypto-files-for-spot-bitcoin-etf-with-sec.htm">Blackrock&nbsp;filed paperwork</a>&nbsp;for a spot Bitcoin ETF, prompting other players like&nbsp;<a href="https://cryptonews.com/news/bitcoin-etf-race-intensifies-as-wisdomtree-invesco-both-file-submissions-within-24-hours-joining-blackrock.htm">Invesco&nbsp;and&nbsp;Wisdom Tree&nbsp;to follow suit</a>&nbsp;or reapply for their own Bitcoin ETF products.The&nbsp;Chicago Board Options Exchange (CBOE)&nbsp;also filed a bid with the SEC on behalf of Fidelity for a spot Bitcoin ETF.&nbsp;
]]>

ProShares Launches Six Ether Futures ETFs, Expanding Crypto ETF Market

Table of Contents

Cryptonews.com

Other articles published on Oct 7, 2023

The Ethereum barrier: What’s really keeping it below $2k?

Robinhood Getting Bullish Rating And Also Making Bullish Candles

Horang Kaya! Sejumlah Holder Bitcoin Beli BTC Setara US$2 Milyar Selama 6 Pekan Terakhir

Abu Dhabi’s IHC Acquires Stake in Phoenix Group: A Game-Changer for Cryptocurrency Industry

Crypto Expert Bill Morgan Questions SEC’s Cryptocurrency Definitions

FTX Trial Friday Filling Details!

Join our free newsletter for daily crypto updates!