It seems that the massive moves in the crypto space continue these days. Check out the latest reports involving new important ETH futures ETF.
New Ethereum futures ETFs are here
The launch of three major Ethereum (ETH) futures exchange-traded funds (ETFs) has caused a spike in crypto markets. VanEck, ProShares, and Bitwise have all announced the debut of futures ETFs based on the price of ETH.
According to ProShares’ CEO Michael L. Sapir, there has been significant demand from investors for access to the performance of cryptocurrencies through ETFs.
The success of their Bitcoin-linked ETF, BITO, which was launched almost two years ago and has become the largest crypto-linked ETF in the world, has demonstrated this demand.
With the launch of EETH, investors no longer need to wait to target the performance of bitcoin or ether through an ETF while enjoying all of the structure’s benefits.
Today, ProShares is launching the ProShares Ether Strategy ETF (EETH), which tracks the performance of Ether. Additionally, ProShares is introducing two new ETFs that track a combination of Bitcoin (BTC) and ETH.
Bitwise, the largest crypto index fund manager in the US, is also launching two Ethereum ETFs today: the Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP).
Hunter Horsley, the CEO of Bitwise, believes that Ethereum’s success is due to its widespread adoption and use by popular brands like Nike, Starbucks, and JPMorgan, among others.
He believes that investors can confidently participate in this growth through regulated ETFs like AETH and BTOP. VanEck has also announced the VanEck Ethereum Strategy ETF (EFUT), which has potential tax benefits for long-term investors as it is structured as a C-Corp.
There are all kinds of exciting moves taking place in the crypto space these days and most of them bring excitement among investors as you can see.
