Ether ETF applications flood the SEC as ProShares files the 11th

The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week.  The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. According to the filing, the fund will track “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” UPDATE: Another one…. 11 ETFs Filed… Proshares filed for a…

Direxion files for Bitcoin and Ether ETFs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The daily leveraged and inverse exchange-traded fund (ETF) issuer, Direxion, has filed for Bitcoin (BTC) and Ether (ETH) futures products with the US SEC. The company follows some other prominent industry players that have filed to launch futures ETFs in recent months, including BlackRock and Valkyrie. Citing its search for capital appreciation, the filing reveals Direxion wants to achieve its investment goal through crypto futures contracts traded on the Chicago Mercantile Exchange (CME). As stated earlier,…

Ether (ETH) ETF Race Kicks Off With Six Asset Managers Filing

Binance counts China as its largest market, followed by South Korea, Turkey, Vietnam, and the British Virgin Islands, according to documents reviewed by the Wall Street Journal. The Journal reports that despite the ban on crypto within China, teams from Binance regularly collaborate with Chinese law enforcement to detect potential criminal activity. It also has 900,000 active users in-country, according to the report. A spokesperson for the exchange did not immediately respond to CoinDesk’s request for comment. Data from the Journal shows that China is a $80.6 billion futures market…