Fun

News Feed - 2023-08-17 01:08:32

Ana Paula Pereira7 hours agoBreaking: Valkyrie files for Ether futures ETF with the SECAsset management firm Valkyrie filed for an Ether futures exchange-traded fund with the U.S. Securities and Exchange Commission on Aug. 16.2230 Total views11 Total sharesListen to article 0:00Breaking newsJoin us on social networksAsset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to Aug. 16 documents, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin (BTC) futures ETF in line with the regulator. 


As per the application, the fund will not directly invest in Ether but will seek to purchase a number of ETH futures contracts. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within the decentralized network.


“Ether may be regarded as a currency or digital commodity depending on its specific use in particular transactions. Ether may be used as a medium of exchange or unit of account,” reads the document, which adds that “although a number of large and small retailers accept ether as a form of payment in the United States and foreign markets, there is relatively limited use of ether for commercial and retail payments. Similarly, ether may be used as a store of value, [...] although it has experienced significant periods of price volatility.”Valkyrie just filed for an Ether Futures ETF, which is in addition to their 497 filing to do name/strategy of $BTF to Bitcoin + Ether Futures to get out early. Perhaps this is sign SEC not letting them do the "ole $MJ maneuver, not sure.. ht @NateGeraci pic.twitter.com/OeyGuyJP3y— Eric Balchunas (@EricBalchunas) August 16, 2023


In addition to the investments in Ether futures, the ETF will invest its remaining assets directly in cash, cash-like instruments or high-quality securities, which include bills, notes and bonds issued by the U.S. government, along with money market funds and corporate debt securities. 


According to Valkyrie’s application, the ETF investment in Ether futures contracts will be limited to 8,000 contracts per month, in compliance with position limits established by the Chicago Mercantile Exchange. Futures contracts are standardized agreements to buy or sell an asset at a future point at a specific price. If approved, investors will be able to wager on future prices of Ether through the ETF.


Cointelegraph previously reported that at least six other major asset managers have similarly filed to offer an Ether futures ETF to U.S.-based customers, including Grayscale, VanEck, Bitwise, Volatility Shares, ProShares and Round Hill Capital. The wave of applications follows high expectations that U.S. authorities will soon approve a spot Bitcoin ETF in the country, with multiple investment firms seeking a regulatory green light, including Wall Street giants BlackRock and Fidelity.


Magazine: Should you ‘orange pill’ children? The case for Bitcoin kids books# Business# Ethereum# Ether Price# RegulationAdd reactionAdd reactionRelated NewsHow to earn passive income with peer-to-peer lendingCrypto adoption crosses party lines amid Washington’s political deadlockFrom the U.S. to Japan, regulators are beginning to embrace crypto

News Feed

Helen Partz12 hours agoTaiwan bans unregistered foreign crypto exchanges from operatingBesides local exchanges like Maicoin, major global crypto trading firms like Binance, Bybit and Kraken have also been serving custome
Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next
Este artículo también está disponible en español. Crypto analyst MadWhalehas revealed where the Bitcoin price could be headed next, having correctly predicted the BTC cra
New Satoshi Notations Discovered, Bitcoin’s Halving Progress, Mad Money’s Cramer Miffed After SEC Filing — Week in Review
New Satoshi Notations Discovered, Bitcoin"s Halving Progress, Mad Money"s Cramer Miffed After SEC Filing — Week in Review In this edition of the Bitcoin.com News week in Review:
Yashu Gola10 hours agoPEPE price to zero? Pepecoin rug pull allegations put memecoin at riskSome Pepecoin hopefuls eye a massive PEPE price rebound, with on-chain data showing strong accumulation in recent days.1390 Tota
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to Nor
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
Defi Boom: Bubble Fears Grow as "Toxic" Community Disagrees on Way ForwardThe decentralized finance (defi) space is headed for an implosion unless the divided community leaders step
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version thr
Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies
Este artículo también está disponible en español. The current market action of Ethereum has generated significant interest, especially among its large investors. A whale
Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report
Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report Cryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders,
Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’
Speechwriter for Former US President George Bush Says BTC Rally Driven by "Historically Low Interest Rates" A speechwriter for former U.S. President George W. Bu
Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam
Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin ScamA global bitcoin scam has reportedly leaked personal data of about 250,000 people from more than 20 countries
DOGE Bulls Hold The Line At $0.15 — Is The Rally Still Alive?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu