Fun

News Feed - 2023-09-30 02:09:16

Ana Paula Pereira6 hours agoInvesco Galaxy applies for spot Ether ETFInvestment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29.1058 Total views5 Total sharesListen to article 0:00NewsJoin us on social networksAsset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. 


Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hadn’t been uploaded to the SEC’s public database at the time of writing.Invesco Galaxy just filed for a spot Ether ETF, I think this is the 3rd of 4th one of these, have to check tho.. pic.twitter.com/SIJVu8VzFk— Eric Balchunas (@EricBalchunas) September 29, 2023


A spokesperson for Invesco declined to confirm the application, stating that products still being registered cannot be commented on. Cointelegraph reached out to Galaxy but did not immediately receive a response.


With the Sept. 29 filing, Invesco and Galaxy join a growing line of investment managers seeking regulatory approval for a spot ETH ETF. On Sept. 27, the SEC delayed decisions on previous applications from ARK 21Shares and VanEck, extending the deadline until Dec. 25–26. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” said the SEC.


Although a spot Ether ETF may not be available for a while, futures-based Ether ETFs should be available as soon as next week. On Sept. 28, investment firms started gearing up to add ETH futures vehicles to their portfolios. VanEck, for instance, published a statement about its upcoming Ethereum Strategy ETF — tickered EFUT — which will be listed on the Chicago Board Options Exchange in the coming days.


Another company debuting a futures crypto ETF is Valkyrie. The asset manager will begin offering exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as Valkyrie Bitcoin and Ether Strategy ETF. A Valkyrie spokesperson told Cointelegraph that the firm’s Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin (BTC) futures “under one wrapper.”


Likewise, Bitwise submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on Sept. 28, which is also expected to go live next week. According to Seyffart, Proshares also applied and Kelly ETFs partnered with Hashdex to deliver futures Ether ETFs in the coming days.


Ether is trading in the green at the time of writing at $1,666, driven by euphoria over the debut of futures ETFs.


Magazine: Are DAOs overhyped and unworkable? Lessons from the front lines# Business# Ethereum# ETF# United States# Futures# Ether PriceAdd reactionAdd reactionRead moreHow to use index funds and ETFs for passive crypto incomeBitcoin ETFs: A $600B tipping point for cryptoGrayscale files for new Ether futures ETF — Official

News Feed

Jesse Coghlan7 hours agoEU backs Data Act with clause to shut off smart contractsThe Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to p
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
Defi"s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEOAfter a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit sc
Memecoins are making millionaires, but are they actually good for crypto?
Jonathan DeYoung11 hours agoMemecoins are making millionaires, but are they actually good for crypto?Memecoin mania has swept crypto, particularly Solana, and SideShift founder Andreas Brekken weights on whether they are
Companies Left and Right Are Buying Solana, Promising a Rally. Will the Solaxy Presale Explode?
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
German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure
Nancy Lubale2 hours agoGerman gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressureRepeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1
State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unif
Dubai Customs launches blockchain platform amid smart city effort
Brayden Lindrea4 hours agoDubai Customs launches blockchain platform amid smart city effortDubai Customs hopes the blockchain solution will facilitate tamper-proof data sharing, save time and effort and reduce voluminous
Cash2Bitcoin CEO Ayman Rida Explains Why Merchants Set up a Bitcoin ATM, Compliance and Regulation
Cash2Bitcoin CEO Ayman Rida Explains Why Merchants Set up a Bitcoin ATM, Compliance and Regulation Established in 2016, Cash2Bitcoin.com is one of the largest and fastest-growing c
Spot Bitcoin ETFs Bleed: 6,700 BTC Exit Amidst Largest Outflow In Months
Este artículo también está disponible en español. Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors
State attorneys general argue SEC overstepped in Kraken lawsuit
Savannah Fortis14 hours agoState attorneys general argue SEC overstepped in Kraken lawsuitAttorneys general from numerous states filed a brief that calls out the SEC for its enforcement action against the Kraken crypto e
British Army’s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams
British Army"s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams The British Army’s official Youtube and Twitter accounts were compromised Sunday and h
Crypto losses to deep fakes could reach $25B in 2024 — Bitget
Felix Ng59 minutes agoCrypto losses to deep fakes could reach $25B in 2024 — BitgetCriminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022.291 Total views2 Total sharesListen to articl