Ethereum: These ETH Futures ETFs Are Awaiting Approval
The crypto industry collectively celebrated when the world’s largest asset manager, BlackRock, applied for a spot Bitcoin (BTC) ETF (exchange-traded fund). The move led to a rally for BTC with other major assets following suit soon after. However, there are also several Ethereum ( ETH ) futures ETF s currently awaiting approval. The race for ETH ETF s is equally contested by major financial players. Also Read: BlackRock Bitcoin ETF Has 50% Chance For SEC Approval? Currently, six ETH futures ETF filings await approval. These include Ether Strategy ETF, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, Proshares Short Ether Strategy ETF, and the Grayscale Ethereum Futures ETF. It should be noted that BlackRock has not applied for an ETH ETF as of yet. Why are firms interested in an Ethereum futures ETF? Source: Redot.com Futures ETFs provide exposure to futures contracts for ETH, unlike spot ETFs. The SEC’s concerns abou...