Tag: Futures

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

boss

On the back of its partial victory against the US Securities and Exchange Commission (SEC), Grayscale has applied to the Commission for another Ethereum Futures Exchange-Traded Fund (ETF). Why Another ETH Futures ETF? According to a report by the Wall Street Journal (WSJ), Grayscale Investments filed this application on September 20. This development may come as a surprise to many, considering that the asset manager had filed an earlier application to offer this same investment vehicle. As such, this will represent its third application (Grayscale withdrew its first application due…

Bitcoin futures volume dopped 57% in September

boss

Bitcoin (BTC) futures trading volume dropped by more than half in September, led by Binance volumes falling. According to a Sept. 19 K33 Research report, Bitcoin spot futures trading volumes fell by 57% since the beginning of September — with Binance being a key driver with a 48% fall. Bitcoin spot volumes also fell by 8% over the last seven days due to the fall in trading activity in Binance, while combined volumes on other exchanges stayed at a relatively steady level. K33 Senior Analyst Vetle Lunde and Vice President…

Grayscale Files for New Ether Futures ETF Following Recent Legal Victory

Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique Approach In its previous attempt to launch a crypto ETF, Grayscale filed under the Investment Company Act of 1940. This filing, while a significant step forward for the industry, faced regulatory hurdles and delays, a…

Grayscale files for an Ethereum futures ETF

Grayscale filed an application to launch an Ethereum futures-based exchange-traded fund (ETF). According to The Wall Street Journal, Grayscale filed an application for an Ethereum (ETH) futures exchange-traded fund (ETF). This latest application was filed under the Securities Act of 1933, the same regulatory framework governing commodities and spot Bitcoin (BTC) ETFs. Previously, Grayscale also filed for an Ethereum futures ETF under the Investment Company Act of 1940 — the act that regulates most security-based ETFs. This is an important distinction per the report since the SEC has approved Bitcoin…

Stock Futures Reflect Mixed Sentiment after Positive Market Performance

As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape. This morning marked a cautious start for investors as stock futures presented a mixed outlook following a positive day on Wall Street. Overview of the US Stock Futures Market As the US stock market opened, futures tied to the Dow Jones Industrial Average (INDEXDJX:.DJI) took a small hit, losing 12 points, which represented a nominal 0.03% drop.…

Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

boss

Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.  The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to a blog post, Google wishes to address issues of fairness, bias, misinformation, security and the future of work through deep collaboration with outside organizations and a commitment to facilitating responsible…

Bitcoin futures data hints at $22K as the next logical step

boss

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies. The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager against the U.S. Securities and Exchange Commission (SEC) on Aug. 29 and the postponement of multiple spot BTC exchange-traded fund (ETF) requests by the SEC.  The central question remains whether the prospects of an ETF can outweigh the growing risks. Spot Bitcoin ETF hype is fading By Aug. 18, the entire…

BTC Use as Margin Collateral in Crypto Futures Trading Is Growing

Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange, known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. The renewed interest in BTC-margined contracts means potential for volatility-boosting liquidations cascades, according to research provider Blockware Intelligence. That occurs when multiple liquidations – or forced closure of positions due to margin shortage – happen consecutively, causing a rapid price change. Source

Bitcoin Futures Frenzy Fizzles Out As Price Plunges Below $40,000

boss

The crypto market has lost its sparkle lately, with bitcoin futures trading volume drying up as the flagship cryptocurrency struggles to stay afloat.  Bitcoin futures open interest, which measures the buzz around upcoming contracts, has dropped to a 5-month low of $11.3 billion, according to data from Glassnode. This suggests traders are closing out positions and reducing exposure to volatile crypto assets.  Bitcoin’s Struggles Below $26K: Is The Crypto Craze Losing Steam? The disinterest comes as bitcoin prices dropped below $26,000 for the first time since August, dampening spirits across…