Ethereum

<ul><li>The U.S. SEC has received Ether futures ETF applications from six different firms.</li><li>The applicants include TradFi and crypto giants like VanEck, ProShares, and Grayscale.</li><li>The Securities and Exchange Commission has not approved any applications yet.</li></ul>The past week saw several traditional finances (TradFi) and crypto giants file applications with the Securities and Exchange Commission (SEC) to offer Ethereum futures exchange-traded funds (ETFs). These included VanEck, Grayscale, Bitwise, and Roundhill.New York-based Volatility Shares was the first one to <a href="https://www.sec.gov/Archives/edgar/data/1884021/000138713123009033/ethu-485apos_072823.htm" rel="noopener noreferrer nofollow">file</a> an application with the SEC on July 28, 2023, for its Ether Strategy ETF. The firm’s filing came just over a month after its 2x Bitcoin Strategy ETF became the first leveraged crypto ETF to go live in the United States. This was followed by leading ETF and Mutual Funds firm <a href="https://www.sec.gov/Archives/edgar/data/1137360/000113736023000537/vaneckethereumstrategyetf4.htm" rel="noopener noreferrer nofollow">VanEck</a>, which filed an application for its Ethereum Strategy ETF on August 1.On the same day, U.S.-based ETF issuer <a href="https://www.sec.gov/Archives/edgar/data/1174610/000168386323005800/f25596d1.htm" rel="noopener noreferrer nofollow">ProShares</a> filed an application with the SEC for its Short Ether Strategy ETF. Crypto giant Grayscale followed suit and submitted its Ethereum Futures ETF application. Within 24 hours, <a href="https://www.sec.gov/Archives/edgar/data/1928561/000138713123009144/bitwiseeth-485apos_051023.htm" rel="noopener noreferrer nofollow">Bitwise</a> and <a href="https://www.sec.gov/Archives/edgar/data/1683471/000089418923005285/roundhilletherstrategy485a.htm" rel="noopener noreferrer nofollow">Roundhill</a> also filed for an Ethereum futures-based ETF.Interestingly, Grayscale, Roundhill, and Bitwise submitted similar Ether Futures ETF applications in May. The ETFs <a href="https://www.ft.com/content/29333bd5-7b69-4887-a1d8-05718f618f80" rel="noopener noreferrer nofollow">reportedly</a> planned to focus their investment in ether futures traded on the Chicago Mercantile Exchange. However, the applications were withdrawn after the securities regulator asked the funds to stop trying for such ETFs.-Read full article at <a href="https://cryptotale.org/tradfi-and-crypto-giants-line-up-with-ether-futures-etf-applications/" rel="noopener noreferrer nofollow">CryptoTale.</a>

TradFi And Crypto Giants Line Up With Ether Futures ETF Applications

CryptoTale

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