Grayscale is in Queue for the New Ethereum Futures ETF!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 20, 2023 10:35

Funding agency Grayscale Investments has proposed a brand new utility for an Ethereum futures exchange-traded fund (ETF). The fund would monitor the worth of Ethereum futures contracts. Grayscale has already utilized for an Ethereum futures ETF, however this utility was filed beneath the Securities Act of 1933 relatively than the Funding Firm Act of 1940, which it used within the earlier try. The explanation for the modification is fuzzy, however Grayscale could also be making an attempt to extend its probabilities of approval as Bitcoin futures ETFs have been authorised beneath each acts. Ethereum is at the moment buying and selling at $1,639.