The United States Securities and Alternate Price has been lately inundated with applications for Ether (ETH) futures alternate-traded funds (ETFs), with a large total of 11 Ether-based mostly filings being submitted in much less than a week.
Basically the most modern ProShares ETF application used to be filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. Per the submitting, the fund will note “the efficiency of conserving lengthy positions within the closest maturing monthly bitcoin and ether futures contracts.”
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