Ethereum ETF Applications Flood SEC | Crypto Daily Digest Aug. 4
In less than a week, a total of 12 Ethereum related futures ETF have been submitted to the U.S. SEC. The wave of Ether-based ETF applications was kicked off by Volatility Shares lodging its filing for the Volatility Shares Ether Strategy ETF on July 28.
An ETF tracking Ethereum futures would essentially invest in futures contracts that are traded on the CFTC-regulated Chicago Mercantile Exchange (CME) rather than directly holding the underlying asset.
The SEC has never approved an ETF that tracks Ether futures contracts. On the other hand, Bitcoin futures ETFs have been around since October 2021.
Other News in Case You Missed it:
What's New from TokenInsight？
Crypto Market Insights 2023Q2: After the boom in Q1, the crypto industry did not experience many ups and downs in Q2, but more changes from the traditional market. So what happened in Q2? What was the impact? Let's take a look.
Master Market Cycles: Decode Top Crypto Indicators: When to buy the dip? When to cash out? This course will definitely help you!
Is a “Decentralized Binance” on the Horizon?: A Complete Guide to Trading-Focused Order Book Protocols