Update - Ethereum Futures ETF Approved
Ethereum Investment Opportunities
Sep 30, 2023
According to multiple sources, nine Ethereum futures exchange-traded funds (ETFs) are set to launch on Monday, October 2, 2023, after receiving accelerated approval from the US Securities and Exchange Commission (SEC). Bitwise Asset Management has also announced the launch of its Ethereum ETF on the same day. Valkyrie Investments announced that they would be the first to offer ethereum futures through an ETF.
The list of approved ETFs include VanEck, BitWise, ProShares, Valkyrie, Kelly ETFs, and Volatility Shares.
The SEC’s approval of these ETFs is a significant milestone for the cryptocurrency industry, as it provides investors with a new way to gain exposure to Ethereum. The approval of Ethereum ETFs is expected to drive up the price of Ethereum in the short term, and could continue into the next crypto market cycle.