Ether-futures ETFs could be coming to the US soon, but the cryptocurrency market doesn’t seem to care.
Eight companies — including Bitwise, Volatility Shares and ProShares — have in recent days filed applications for exchange-traded funds based on futures for the second-largest digital token, according to a Bloomberg Intelligence tally. Some of the filings even propose to list more exotic versions of the product, such as Bitcoin-Ether-futures medleys.
“Outside of our little weird reality tunnel in the financial world, you don’t hear people out in the wild — that aren’t extremely online on Twitter watching tickers all day, every day — talking about these things any longer,” said Ben Johnson, head of client solutions at Morningstar Inc. “The moment has come and gone with respect to mass interest, mass adoption.”
“There isn’t as much hype for things for crypto ETFs,” he said. “They are a niche product mostly likely used by speculative investors.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
30 Captivating Examples Of Parametric Architecture, As Shared By This Platform For EnthusiastsWhether as an artform or a commodity, architecture is omnipresent. From homes to museums, to commercial areas, and beyond—we’re constantly surrounded by architectural wonders.
Read more »
Trump’s crypto assets spark Ethereum buzz: Analyzing its impact on ETHFormer U.S. President Donald Trump holds Ethereum — this news led to a surge in the social mentions witnessed by ETH. However, the news couldn't help ETH in terms of its price action as the bears still maintained their control over the king of altcoins.
Read more »
Coinbase gets regulatory approval to offer crypto futures in the U.S.Cryptocurrency exchange Coinbase has secured the approval from a CFTC-designated body to offer crypto futures.
Read more »
Uzbekistan banks to issue crypto cards merging TradFi and DeFiTwo of Uzbekistan's private banks secure approval to issue crypto cards integrating banking with direct crypto access.
Read more »
Coinbase gets green light to let US investors trade crypto futuresThe regulatory approval comes as the largest US crypto exchange squares off against the Securities and Exchange Commission in court.
Read more »
Everlodge (ELDG): $20m presale debut aims for 2023’s viral crypto spotlightCrypto presales are where investors make their money. While investing in the top projects is […]
Read more »