ProShares Pitches Leveraged, Short ETFs to Curb Bitcoin Price Volatility
After huge demand for the spot Bitcoin ETF in the first two months of launch, Wall Street players like ProShares are coming up with new versions of this investment product.
After huge demand for the spot Bitcoin ETF in the first two months of launch, Wall Street players like ProShares are coming up with new versions of this investment product.
Binance briefly dethroned CME as the top exchange with the highest BTC Futures Open Interest rates on 6 February.
When Fidelity Investments filed for the Ether ETF last year, the asset manager noted a court ruling where judges said the SEC failed to find a cogent reason to reject spot crypto ETF.
Away from the ProShares ETF news, the market is adapting to the introduction of spot Bitcoin ETFs.
The SEC’s approval of spot Bitcoin ETFs is considered a turning point for the crypto industry.
The rise of ProShares Bitcoin Strategy ETF in the past year despite lacking direct exposure to Bitcoin indicates a huge demand for spot BTC ETF.
The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH.
Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be.
In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale.
The launch of EFUT marks the company’s second foray into the futures ETF market.