Ethereum

Pepe Coin

Equal

<div class="insidebitcoins"> 
 <div class="telegrame_cta_content"> 
  <div class="wrap"> 
   <div class="telegrame_cta_content_inr"> 
    <p>Join Our <u>Telegram </u>channel to stay up to date on breaking news coverage</p> 
   </div> 
  </div> 
 </div> 
 <p>In the recent wave of applications for Ethereum futures exchange-traded funds(ETFs), Bitwise and Proshares have made additional applications for ETFs that offer exposure to both Ethereum and Bitcoin.</p> 
 <h2 id="strong-bitcoin-and-ether-futures-etfs-strong"><strong>Bitcoin and Ether Futures ETFs</strong></h2> 
 <p>While most of the latest ETF applications have been solely for funds backed by Ethereum futures contracts, some asset managers have also made applications for funds backed by Bitcoin and Ethereum.</p> 
 <p>ProShares filed for an ETF backed by an equal weight of Ethereum and Bitcoin. In the filing, the company stated that it “seeks investment results, before fees and expenses, that track the performance of the Bitcoin and Ether Equal Weight Index.”</p> 
 <p>ProShares further clarified that the fund would track “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” The Index is made up of futures contracts, and as the contracts get closer to maturity, The firm added a clause that allows for the ‘rolling’ of the Index futures contracts.</p> 
 <p>Presently, ProShares offers a number of cryptocurrency-related funds, including a Bitcoin futures ETF. Additionally, late last year, the firm submitted an SEC application for an ETF with an emphasis on the metaverse.</p> 
 <p>In the ongoing flood of submissions, ProShares has made 4 applications for different ETFs. In addition to the Bitcoin and Ether Equal Weight Index, the firm has also applied for a dual Bitcoin and Ether futures strategy ETF. The latter will monitor the performance of both Bitcoin and Ether futures contracts.</p> 
 <p>The firm has also applied for a short Ether strategy ETF and an Ether strategy ETF, for which the Securities and Exchanges Commission (SEC) has received 12 applications so far.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">UPDATE: We’re at 12. it’s late but I missed one today. @Bitwise actually filed for two ETFs. Equal weight and market weight versions of their dual #Bitcoin and #Ethereum futures ETFs. We’re up to a full dozen Ether futures ETF filings now. Feel like we will get another tomorrow. https://t.co/DWYvEfEKNc pic.twitter.com/q1R1GCkvz5</p> 
  <p>— James Seyffart (@JSeyff) August 4, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>On the other hand, Bitwise has applied for a Bitcoin and Ether Market Weight ETF which based on the filing, “Seeks to achieve its investment objective through market capitalization-weighted exposure to bitcoin futures contracts and ether futures contracts.”</p> 
 <p>Like ProShares, the asset manager has also filed for an equal-weight index version of the Bitcoin and Ether ETF and an Ether Futures ETF.</p> 
 <p>As the demand for cryptocurrency ETFs soar, crypto companies are trying to differentiate their products for investors and offer a variety. By tracking the two cryptocurrencies, albeit indirectly, Bitcoin and Ether futures ETFs offer increased exposure to the crypto sector, considering they are linked to the two largest cryptocurrencies.</p> 
 <h2 id="strong-sec-under-pressure-as-cryptocurrency-etf-applications-multiply-strong"><strong>SEC Under Pressure as Cryptocurrency ETF Applications Multiply</strong></h2> 
 <p>The new wave of applications is fueled by Volatility Shares’ success in an earlier application that led it to launch a 2x Bitcoin Futures ETF in June. By approving the application SEC sparked hope that an Ethereum futures ETF had a better chance of approval.</p> 
 <p>Following the success, Volatility Shares made the first ether futures ETF application on July 28, setting off a flurry of ether filings from firms such as Grayscale Inc. and Bitwise Asset Management.</p> 
 <p>Former applications for Ether Futures ETFs made in May had to be withdrawn. However, this time, the SEC is reportedly considering approving the applications, resulting in several launches in October.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">The SEC is currently reviewing numerous Bitcoin and Ethereum exchange-traded funds (ETFs), suggesting the possibility of approving multiple ETFs by the end of the year.</p> 
  <p>— Malon marie (@Malon_MarieFx) August 4, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>Strategas Securities ETF analyst Todd Sohn said, “The pressure is on the SEC here.” The dual ether and bitcoin futures ETF “would be at least a step forward from moving on from ‘vanilla’ crypto futures to combining different sorts of instruments within the crypto space.”</p> 
 <h3 id="related-articles">Related Articles:</h3> 
 <ul> 
  <li>Presale Of Chimpzee, A Web3 Charity-centric Project, Gains Momentum With Enticing Airdrop Offer – Fundraising Hits $1.1 Million</li> 
  <li>US Lawmakers Urge Government to Crack Down on $50 Billion in Crypto Tax Evasion</li> 
  <li>Embrace the Darkness with Evil Pepe Coin (EVILPEPE) – Uniswap Listing Today!</li> 
 </ul> 
 <div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
  <div class="inContentProviderSingle--wrapper"> 
   <div class="container"> 
    <div class="row mb-lg-3"> 
     <div class="col-12 col-md-8"> 
      <p class="inContentProviderSingle--title">Wall Street Memes - Next Big Crypto</p> 
     </div> 
     <div class="col-12 col-md-4"> 
      <div class="inContentProviderSingle--rating"> 
       <div class="rating--holder"> 
        <p class="rating--text">Rating</p> 
        <div class="rating--star-container"> 
         <div class="rating--star" style="width: 100%;"></div> 
        </div> 
       </div> 
      </div> 
     </div> 
    </div> 
    <div class="row">  
     <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
      <img class="inContentProviderSingle--img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20125%2060'%3E%3C/svg%3E" alt="Wall Street Memes" width="125" height="60" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://thebittimes.com/image/getimage/?url=https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg"> 
      <noscript> 
       <img class="inContentProviderSingle--img mb-3" src="https://thebittimes.com/image/getimage/?url=https://thebittimes.com/image/getimage/?url=https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg" alt="Wall Street Memes" width="125" height="60"> 
      </noscript> 
     </div> 
     <div class="col-12 col-md-8"> 
      <ul class="inContentProviderSingle--list"> 
       <li>Early Access Presale Live Now</li> 
       <li>Established Community of Stocks &amp; Crypto Traders</li> 
       <li>Featured on BeInCrypto, Bitcoinist, Yahoo Finance</li> 
       <li>Rated Best Crypto to Buy Now In Meme Coin Sector</li> 
       <li>Team Behind OpenSea NFT Collection - Wall St Bulls</li> 
       <li>Tweets Replied to by Elon Musk</li> 
      </ul> 
     </div>  
     <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
      <img class="inContentProviderSingle--img float-right" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20125%2060'%3E%3C/svg%3E" alt="Wall Street Memes" width="125" height="60" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://thebittimes.com/image/getimage/?url=https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg"> 
      <noscript> 
       <img class="inContentProviderSingle--img float-right" src="https://thebittimes.com/image/getimage/?url=https://thebittimes.com/image/getimage/?url=https://insidebitcoins.com/wp-content/uploads/2023/05/wall-street-memes.svg" alt="Wall Street Memes" width="125" height="60"> 
      </noscript> 
     </div> 
    </div> 
    <div class="row"> 
     <div class="col-12 text-center"> 
      <div class="inContentProviderSingle--button">
        Learn More 
      </div> 
      <div class="inContentProviderSingle--disclaimerText"> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="telegrame_cta_content"> 
  <div class="wrap"> 
   <div class="telegrame_cta_content_inr"> 
    <p>Join Our <u>Telegram </u>channel to stay up to date on breaking news coverage</p> 
   </div> 
  </div> 
 </div> 
</div>

In a Flood of Submissions, ProShares and Bitwise Propose Additional Bitcoin and Ether ETFs

Table of Contents

TheBitTimes

Другие статьи, опубликованные 4 авг. 2023 г.

SEC's Crypto Conflict Details Surface, Exposing Bias Against Ripple

InQubeta’s Rapid Growth Surpasses Avalanche (AVAX)

Actor Adam DeVine appears in new Bitget exchange ad

Dissecting diverse ERC token standards

Bitcoin Must Surpass $98,000 for Miner's Sustainability in 2024

UK regulators can learn from 2022 events to do better than EU's MiCA, says Acuiti paper

Join our free newsletter for daily crypto updates!