VanEck and ProShares apply to withdraw Ethereum ETF filings from SEC
It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days. Less than two days after submitting separate applications to the United States Securities and Exchange Commission (SEC), asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds (EFTs) with exposure to Ether.In individual Friday filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed with registering their respective Ether-based exchange-traded funds. VanEck had....
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Merely two days ago, fund managers VanEck and ProShares filed with the U.S. Securities and Exchange Commission (SEC) to bring Ethereum exchange-traded funds (ETFs) to the U.S. markets. However, the two firms broke news on Friday that they have both chosen to withdraw their active applications. Similar to the dozens of Bitcoin ETFs awaiting approval, […]
The latest two filings bring the total number of ETF applications this year to 23. Two more Ethereum-based exchange-traded funds have been filed this week bringing the total to 23 crypto ETF filings so far in 2021.VanEck and ProShares are the latest two firms to reveal plans for institutional products focused on Ethereum. According to filings with the U.S. Securities and Exchange Commission on Aug. 18, VanEck is seeking to launch an “Ethereum Strategy ETF”, while ProShares is calling its proposed product the “Ether Strategy ETF”.Both ETFs aim to provide exposure to Ethereum by investing in....
Following Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than a BTC futures product. Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August. According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly....
The wealth manager Vaneck will be launching its bitcoin futures exchange-traded fund (ETF) in the United States following the Proshares ETF listing that launched on Tuesday. According to the post-effective filing with the U.S. Securities and Exchange Commission (SEC), the Vaneck bitcoin futures ETF launch is approved to be listed after October 23. Vaneck’s Bitcoin Futures ETF Is the Second US Fund to Get Approval From Regulators This week, the Proshares Bitcoin Strategy exchange-traded fund (BITO) launched with a lot of fanfare and the ETFs volume broke records on Tuesday. The....
After years of efforts, VanEck is finally launching a Bitcoin exchange-traded fund based on BTC futures. VanEck, one of the first United States-based asset managers to file for a Bitcoin (BTC) exchange-traded fund (ETF), is finally launching its Bitcoin futures ETF.According to an official notice by the Chicago Board Options Exchange (CBOE), VanEck’s Bitcoin Strategy ETF will start trading on CBOE under the ticker symbol XBTF on Tuesday.VanEck’s new ETF is joining the growing number of BTC futures-based ETFs launched in the U.S., including the ProShares Bitcoin Strategy ETF, which became....