Bitwise Asset Management revised its bitcoin (btc) spot exchange-traded fund (ETF) application and confirmed that trading of two Ether (eth) futures ETFs will begin on October 2.
the firm has ethereum-Futures-ETFs-From-Bitwise-Intend-to-Launch-October-2″ target=”_blank” rel=”noopener nofollow”>revealed Trading is scheduled to begin for the Bitwise ethereum Strategy ETF and the Bitwise bitcoin and Ether Equal Weight Strategy ETF. Bitwise stated that this measure will allow investors to access Ether futures from the Chicago Mercantile Exchange.
The company’s chief investment officer, Matt Hougan, said:
“ethereum offers a broader portfolio opportunity compared to bitcoin. “Some investors see ethereum as an alternative, while others perceive it as a conventional growth investment, encompassing the attributes of both.”
Numerous companies awaiting approval of a spot bitcoin ETF have also entered the ethereum ETF race. Cointelegraph recently reported that asset management company Invesco is also exploring the possibility of introducing the Invesco Galaxy ethereum ETF.
Bitwise, BlackRock, Invesco and Valkyrie are still awaiting approval of their bitcoin spot ETF applications from the US Securities and Exchange Commission (SEC), which has delayed making a decision amid the impending closure of the American government.
Related: Valkyrie backs off purchases of Ether futures contracts until ETF launch
Additionally, the outcome of the Grayscale lawsuit, which supports the transformation of Grayscale bitcoin Trust (GBTC) into a bitcoin ETF, could influence when the SEC makes a decision regarding approving the filings. bitcoin Spot ETF. On August 29, a US court paved the way for the approval of the Grayscale Spot bitcoin ETF by dismissing the agency’s objections.
Meanwhile, Bloomberg analyst James Seyffart has revealed the full list of nine ethereum Futures ETFs that will receive accelerated SEC approval for launch on Monday, October 2, 2023.
Magazine: crypto Regulation: Does SEC Chairman Gary Gensler Have the Last Word?
