A Bloomberg ETF analyst says the market will be flooded with Ethereum (ETH) futures ETFs starting October 2. Meanwhile, Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) will begin trading on Monday. That’s why Monday will be a historic day for the leading altcoin.
James Seyffart: It’s going to be a crazy day for the leading altcoin and the market!
Bloomberg ETF analyst James Seyffart notes that nine different ETH-based futures ETFs will potentially launch on Monday. So he adds that this will be a “crazy day” for the leading altcoin and the market. Financial firms on Seyffart’s list that are preparing to launch Ethereum futures ETFs include VanEck, Bitwise, Proshares, Vol Shares, Hashdex and Valkyrie.
Meanwhile, there are also some firms interested in issuing Ethereum ETFs, such as Grayscale. However, the analyst says that these companies have not yet filed updated applications and this will probably not happen. In this context, Seyffart said, “The only potential issuers that have not yet filed updated applications are Direxion, Roundhill and Grayscale. “Probably some or all of these won’t bother.” says. The reason ETFs are likely launching early is fear of a government shutdown, according to Seyffart. It is a matter of curiosity what impact this development will have on the leading altcoin and the market.
Bitwise expands its Ethereum ETF lineup!
Bitwise Asset Management is the largest crypto index fund manager in the United States. The asset manager announced the launch of two innovative Ethereum-themed ETFs. These groundbreaking funds, Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will begin trading on Monday, October 2, 2023. This ETF will provide investors with exposure to CME Ethereum futures. This puts them in a very important position. It also marks a historic moment for the leading altcoin and crypto. Bitwise CEO Hunter Horsley expressed his excitement for the Ethereum ecosystem. In this context, Horsley made the following statement:
Ethereum now has billions in revenue, millions of users, and thousands of different applications and developers. Additionally, Ethereum’s influence is increasing. Famous brands such as Nike, Starbucks, Adidas, Pepsi, PayPal, JPMorgan are actively creating and using applications on the Ethereum Blockchain. This momentum is increasing. AETH and BTOP give investors the opportunity to safely participate in this growth through regulated ETFs.
VanEck ready for Ethereum futures ETF
cryptokoin.comAs you follow from , last month, global investment manager VanEck announced that it was preparing to launch an ETH futures ETF, which the company said would invest not in Ethereum itself but in standardized, cash-settled ETH futures contracts traded on registered commodity exchanges. At the time, VanEck said this fund intended to invest exclusively in ETH futures traded on the Chicago Mercantile Exchange. This marked a turning point for the leading altcoin.
VanEck released a statement in September stating that they expected the event to take place before October 3, 2023. Or it will occur on the date the US SEC expedites the effectiveness of the registration statement, he said.
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