Ethereum, the second-largest cryptocurrency, is currently facing bearish pressure after showing signs of bullish dominance. While October brought positive momentum to major cryptocurrencies like Bitcoin and Ethereum, with both breaking key resistance levels at $28,000 and $1,700, respectively, Ethereum has encountered a recent setback, currently trading at $1,637. The unexpected
Exchange-traded fund (ETF) provider Volatility Shares postponed the debut of their Ether futures ETF on October 2 due to market conditions. After being questioned whether there were still intentions to introduce an ETH futures ETF, company’s co-founder and president, Justin Young said, “Of course,” adding, “plans are TBD.” Futures contracts
Initial trading activity for Ethereum futures exchange-traded funds (ETFs) was much lower than expected. Recent Ether futures exchange-traded funds failed to make a major impression despite being billed as revolutionary products. On its first day of trading, less than $2 million was traded across all nine ETFs. Valkyrie’s BTF futures
Ether Futures Exchange Traded Funds (ETFs) by major players like VanEck and Proshares goes live, marking a new era for the cryptocurrency sector and the ETF market as a whole. The SEC has been notoriously slow to approve Bitcoin ETFs, so this news comes as somewhat of a surprise. According
With the recent green light given to the first Ether futures ETF, Grayscale Investments is trying to transform its Grayscale Ethereum Trust into a spot Ether ETF. On October 2, the New York Stock Exchange Arca submitted a conversion application to the U.S. SEC. Previously, Grayscale’s trust had invested in
Bitwise Asset Management has announced that it has amended its spot Bitcoin ETF application and that trading in two ETH futures ETFs will begin on October 2. Bitwise Ethereum Strategy ETF and Bitwise Bitcoin and Ether Equal Weight Strategy ETF will begin trading soon, the company said. Moreover, Bitwise has
On September 29th, global asset management VanEck made an announcement on Twitter that it will contribute 10% of all profits from its planned Ether futures exchange-traded fund (ETF) to Ethereum core developers for a period of 10 years. The Protocol Guild, a community of more than 150 developers responsible for
VanEck plans to give The Protocol Guild, a group of 152 people working on the fundamental protocol for Ethereum, ten percent of its Ethereum Strategy exchange-traded fund’s profit for at least ten years. VanEck also complimented the Ethereum developers for their tenacity in creating and maintaining this shared infrastructure over
VanEck, a major investment management firm, has announced its plan to create the VanEck Ethereum Strategy Exchange Traded Fund (EFUT), a significant step that reflects the rising acceptability of cryptocurrencies in conventional finance. This follows the company’s prior entrance into the cryptocurrency sector with the launch of its Bitcoin Strategy
The continuing battle between cryptocurrency entities and the U.S. Securities and Exchange Commission (SEC) has taken an unexpected twist. Ethereum Futures Exchange-Traded Funds (ETFs) are set to make their debut in the United States, possibly as early as next week, according to Bloomberg analysts. This development comes after a turbulent
