Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.
The launch of EFUT marks the company’s second foray into the futures ETF market.
While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate.
Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereum’s liquid staking providers.
Despite this major shuffle by FTX exploiter, Ethereum price has gained to $1,750 levels before the launch of Ethereum futures ETFs.
VanEck will not invest in Ethereum directly since the product tracks Ether futures that are traded on the Chicago Mercantile Exchange (CME).
According to analysts, there are 15 Ether futures ETFs awaiting approval.
Just a few hours ago, the Ethereum founder deposited 400 ETH to Coinbase. With the price of ETH at $1,573.35 as of the time of writing, the value of the transfer amounts to an impressive $629,200.
Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC).
Buterin is looking forward to a future where developers can leverage an independent open tech stack.
The Delaware Trust Company will act as the trustee of the spot Ether ETF from Ark Invest and 21Shares, while Coinbase will act as the crypto custodian.
MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency.
By integrating the USDC for users in Chile, Circle will be hoping to offer them the stability of the U.S. dollar while also creating diverse payment options for them.
The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio.
Both companies are also planning to launch three types of Bitcoin Futures ETFs.