
VanEck Sees More Demand for Spot Ethereum ETFs than Bitcoin ETFs
VanEck stated that Ethereum is a cash producing asset and thus its spot ETF could be more or equally successful to the Bitcoin ETFs.
VanEck stated that Ethereum is a cash producing asset and thus its spot ETF could be more or equally successful to the Bitcoin ETFs.
The leveraged Bitcoin ETF will deliver 1.25x returns to the BTC reference rate and will trade on Nasdaq allowing investors to hold derivatives such as futures, swaps, options and forwards.
Following SEC’s suggestion, the Invesco Bitcoin Strategy ETF won’t be directly investing in BTC but rather in other BTC-linked private instruments or exchange-traded products (ETPs).
The bearish pressure on the market remains intact. However, the assets are testing the support level, and if the bulls manage to hold the levels, we should expect a good bounce up and an attempt of an upward movement.
After barring crypto derivatives, Japan is currently gauging industry interest in ETFs tracking digital currencies. The Liberal Democratic Party will reportedly submit draft legislation by March 2019.