ProShares
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**Just In đš**: ProShares has launched an Ethereum futures ETF on October 2nd, local time. The newly introduced products include the ProShares Ether Strategy ETF, ProShares Bitcoin & Ether Strategy ETF, and ProShares Bitcoin/Ethereum Equal Weight Futures ETF. Notably, all three products can be traded without requiring a cryptocurrency exchange account or wallet. On the same day, VanEck and Bitwise also announced their plans to launch the VanEck Ether Strategy ETF, Bitwise Ether Strategy ETF, and Bitwise Bitcoin/Ethereum Equal Weight Futures ETF. #ProShares #ETF #Ethereum #CryptoNews
Is ProShares' Short Ether Strategy ETF (SETH) Launching in November? â
#ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs.
This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index.
Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November.
This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF .
ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million.
#Binance
#crypto2023
#ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs.
This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index.
Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November.
This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF .
ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million.
#Binance
#crypto2023
đ ProShares is set to launch an Ethereum futures short ETF with trading expected to begin on October 16th (local time). The ETF's ticker symbol will be SETH. #ProShares #ETF #ETH
ProShares Files for Equal-Weight Bitcoin and Ether ETF Amidst Surge in Ether Futures Applications đ
ProShares recently filed for an equal-weight Bitcoin and Ether #ETF , adding to the surge of Ether ETF applications submitted to the United States Securities and Exchange Commission (#SEC ).
In less than a week, a total of 11 Ether-based filings have been made for futures ETFs. The proposed #ProShares ETF aims to track the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.
If approved, the Ether ETFs are set to launch within 75 days from their filing dates, with the first launch scheduled for October 12. This rush of Ether-focused applications follows a wave of major asset management firms seeking to launch spot Bitcoin ETFs in the United States.
#Binance
#crypto2023
ProShares recently filed for an equal-weight Bitcoin and Ether #ETF , adding to the surge of Ether ETF applications submitted to the United States Securities and Exchange Commission (#SEC ).
In less than a week, a total of 11 Ether-based filings have been made for futures ETFs. The proposed #ProShares ETF aims to track the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.
If approved, the Ether ETFs are set to launch within 75 days from their filing dates, with the first launch scheduled for October 12. This rush of Ether-focused applications follows a wave of major asset management firms seeking to launch spot Bitcoin ETFs in the United States.
#Binance
#crypto2023
đ ProShares Bitcoin Strategy ETF hits an all-time high with $1.5 billion in assets, according to Bloomberg analyst James Seyffart. #ProShares #BitcoinETF #Assets
đ„đ„đ„ Four Major #ETFBitcoin Issuers Meet SEC, Raising Hopes for Approval đ„đ„đ„
According to a Bloomberg analyst, four major Bitcoin ETF issuers have met with the SEC over the past few days. This development has sparked optimism among cryptocurrency enthusiasts, as it suggests that the regulatory body may be nearing a decision on Bitcoin ETF approval.
Key points:
- Meetings with SEC: Four major issuers, including Grayscale, #VanEck , Valkyrie, & #ProShares , held meetings with the SEC to discuss their Bitcoin ETF proposals.
- Increased optimism: These meetings have fueled speculation that the SEC may be preparing to approve a Bitcoin ETF, potentially as early as the end of 2023.
- Previous rejections: The SEC has previously rejected numerous Bitcoin ETF proposals, citing concerns about market manipulation & investor protection.
- Shifting sentiment:Â SEC Chairman #Gensler's recent statements signal a potential shift in favor of Bitcoin ETFs, particularly those backed by physical holdings
Potential implications:
- Enhanced market access: A Bitcoin ETF would provide investors with a more accessible & regulated way to gain exposure to Bitcoin, potentially attracting a wider range of investors & boosting institutional adoption.
- Increased liquidity: An ETF would likely increase liquidity in the Bitcoin market, potentially leading to lower price volatility.
- Legitimization of Bitcoin:Â The SEC's approval of a Bitcoin ETF would be a significant step towards legitimizing Bitcoin as a legitimate asset class.
Challenges and uncertainties:
- Regulatory hurdles:Â SEC's concerns on market manipulation & investor protection may require additional scrutiny before approval.
- Competition among issuers:Â Multiple issuers vying for the first Bitcoin ETF approval could lead to delays or complications.
- Market volatility:Â Bitcoin's inherent price volatility remains a concern for some investors & regulators.
SEC meetings and a favorable court ruling offer hope for future US Bitcoin ETFs, but no official decisions have been announced.
#BinanceSquare $BTC
According to a Bloomberg analyst, four major Bitcoin ETF issuers have met with the SEC over the past few days. This development has sparked optimism among cryptocurrency enthusiasts, as it suggests that the regulatory body may be nearing a decision on Bitcoin ETF approval.
Key points:
- Meetings with SEC: Four major issuers, including Grayscale, #VanEck , Valkyrie, & #ProShares , held meetings with the SEC to discuss their Bitcoin ETF proposals.
- Increased optimism: These meetings have fueled speculation that the SEC may be preparing to approve a Bitcoin ETF, potentially as early as the end of 2023.
- Previous rejections: The SEC has previously rejected numerous Bitcoin ETF proposals, citing concerns about market manipulation & investor protection.
- Shifting sentiment:Â SEC Chairman #Gensler's recent statements signal a potential shift in favor of Bitcoin ETFs, particularly those backed by physical holdings
Potential implications:
- Enhanced market access: A Bitcoin ETF would provide investors with a more accessible & regulated way to gain exposure to Bitcoin, potentially attracting a wider range of investors & boosting institutional adoption.
- Increased liquidity: An ETF would likely increase liquidity in the Bitcoin market, potentially leading to lower price volatility.
- Legitimization of Bitcoin:Â The SEC's approval of a Bitcoin ETF would be a significant step towards legitimizing Bitcoin as a legitimate asset class.
Challenges and uncertainties:
- Regulatory hurdles:Â SEC's concerns on market manipulation & investor protection may require additional scrutiny before approval.
- Competition among issuers:Â Multiple issuers vying for the first Bitcoin ETF approval could lead to delays or complications.
- Market volatility:Â Bitcoin's inherent price volatility remains a concern for some investors & regulators.
SEC meetings and a favorable court ruling offer hope for future US Bitcoin ETFs, but no official decisions have been announced.
#BinanceSquare $BTC
VanEck, ProShares, and Several Other Ethereum ETFs Commence Trading
CryptosHeadlines.com - The Leading Crypto Research Network
The much-anticipated Ethereum Futures ETFs from renowned asset managers such as VanEck, ProShares, and others are now available for trading in the United States.
In a historic development for the cryptocurrency sector, VanEck, ProShares, and other notable entities have successfully introduced their Ethereum (ETH) Futures Exchange Traded Funds (ETFs), heralding the dawn of a fresh era in the cryptocurrency ETF market.
This announcement arrives despite a series of postponements by the Securities and Exchange Commission (SEC) in granting approval for Bitcoin-related ETFs.
VanEckâs Distinctive Approach to Ethereum ETFs
VanEck highlighted in its submission that the VanEck Ethereum Strategy ETF (CBOE: EFUT) has been crafted to pursue capital growth through investments in Ethereum (ETH) futures contracts. This offers investors a unique opportunity to engage with the world of digital assets.
The EFUT fund primarily allocates its investments to standardized, cash-settled Ethereum (ETH) futures contracts, which are traded on commodity exchanges duly registered with the Commodity Futures Trading Commission (CFTC). Presently, the fundâs focus is on ETH futures available on the Chicago Mercantile Exchange, recognized as one of the most reputable and regulated futures markets on a global scale.
Kyle DaCruz, Director of Digital Asset Product at VanEck, remarked in a statement, âEther serves as the cornerstone of the decentralized applications ecosystem, and it holds a crucial position in propelling the expansion of digital currencies, smart contracts, and various other applications. Through EFUT, investors are now empowered to tap into the dynamic futures market associated with Ethereum.â
ProShares, renowned for pioneering the inaugural U.S. Bitcoin futures ETF, has unveiled the âProShares Ether Strategy ETF.â This innovative product enables investors to partake in the price movements of Ethereum futures contracts. Furthermore, ProShares has introduced two additional ETFs that provide a blend of exposure to both Bitcoin and Ethereum.
A Milestone Achievement for Ethereum and the Cryptocurrency Market
The introduction of these ETFs signifies a pivotal juncture for the cryptocurrency sector, with a notable impact on ETH, the second-largest cryptocurrency by market capitalization. These ETFs bring forth a range of benefits, encompassing regulatory supervision, tax efficiency, and accessibility, thereby catering to conventional investors who might exercise caution when it comes to direct cryptocurrency ownership.
Even as Ethereum futures ETFs gain traction within the cryptocurrency realm, they are building upon the precedent set by Bitcoin futures ETFs. The debut of the inaugural Bitcoin futures ETF in the United States in late 2021, courtesy of ProShares, ushered in an era where investors could participate in Bitcoinâs price fluctuations via a regulated investment instrument.
These ETFs are expected to play a pivotal role in bridging the gap between the cryptocurrency realm and traditional finance, especially as the cryptocurrency sector continues to evolve and mature.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#VanEck #ProShares #Ethereum #EthereumETF #ETFs
The much-anticipated Ethereum Futures ETFs from renowned asset managers such as VanEck, ProShares, and others are now available for trading in the United States.
In a historic development for the cryptocurrency sector, VanEck, ProShares, and other notable entities have successfully introduced their Ethereum (ETH) Futures Exchange Traded Funds (ETFs), heralding the dawn of a fresh era in the cryptocurrency ETF market.
This announcement arrives despite a series of postponements by the Securities and Exchange Commission (SEC) in granting approval for Bitcoin-related ETFs.
VanEckâs Distinctive Approach to Ethereum ETFs
VanEck highlighted in its submission that the VanEck Ethereum Strategy ETF (CBOE: EFUT) has been crafted to pursue capital growth through investments in Ethereum (ETH) futures contracts. This offers investors a unique opportunity to engage with the world of digital assets.
The EFUT fund primarily allocates its investments to standardized, cash-settled Ethereum (ETH) futures contracts, which are traded on commodity exchanges duly registered with the Commodity Futures Trading Commission (CFTC). Presently, the fundâs focus is on ETH futures available on the Chicago Mercantile Exchange, recognized as one of the most reputable and regulated futures markets on a global scale.
Kyle DaCruz, Director of Digital Asset Product at VanEck, remarked in a statement, âEther serves as the cornerstone of the decentralized applications ecosystem, and it holds a crucial position in propelling the expansion of digital currencies, smart contracts, and various other applications. Through EFUT, investors are now empowered to tap into the dynamic futures market associated with Ethereum.â
ProShares, renowned for pioneering the inaugural U.S. Bitcoin futures ETF, has unveiled the âProShares Ether Strategy ETF.â This innovative product enables investors to partake in the price movements of Ethereum futures contracts. Furthermore, ProShares has introduced two additional ETFs that provide a blend of exposure to both Bitcoin and Ethereum.
A Milestone Achievement for Ethereum and the Cryptocurrency Market
The introduction of these ETFs signifies a pivotal juncture for the cryptocurrency sector, with a notable impact on ETH, the second-largest cryptocurrency by market capitalization. These ETFs bring forth a range of benefits, encompassing regulatory supervision, tax efficiency, and accessibility, thereby catering to conventional investors who might exercise caution when it comes to direct cryptocurrency ownership.
Even as Ethereum futures ETFs gain traction within the cryptocurrency realm, they are building upon the precedent set by Bitcoin futures ETFs. The debut of the inaugural Bitcoin futures ETF in the United States in late 2021, courtesy of ProShares, ushered in an era where investors could participate in Bitcoinâs price fluctuations via a regulated investment instrument.
These ETFs are expected to play a pivotal role in bridging the gap between the cryptocurrency realm and traditional finance, especially as the cryptocurrency sector continues to evolve and mature.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#VanEck #ProShares #Ethereum #EthereumETF #ETFs
