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ETF Research Analyst for Bloomberg Intelligence James Seyffart reported that ProShares has announced the launch of a new short Ethereum Futures ETF. According to the Oct. 13 post, trading is scheduled to kick off in 3 days on Oct. 16th under the ticker $SETH. An answer to an August filing While the SEC
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In August, the D.C. Circuit Court of Appeals ruled that the SEC’s denial of Grayscale Investment’s application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF was invalid and must be reviewed, calling it an "arbitrary and capricious" rejection. The court said that federal agencies are required to “treat
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The SEC has hours left to seek an appeal of the court order to erase the agency’s rejection of Grayscale’s trust-to-ETF conversion application. Source
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Eleanor Terrett, a Fox Business journalist, shared a post on X reminding the public that the U.S. Securities and Exchange Commission (SEC) has until midnight to appeal the Grayscale bid for a spot Bitcoin ETF. If they don’t, then in one week, the case will be closed, and Grayscale can move
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The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund.While many observers don’t believe the securities regulator will attempt to appeal
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One notable adjustment pertained to the Net Asset Value (NAV) calculations, which ARK Invest acknowledged were not aligned with Generally Accepted Accounting Principles (GAAP), the accounting standard endorsed by the SEC. Eric Balchunas, an ETF analyst at Bloomberg, recently took to the social media platform X to reveal that ARK Invest’s
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A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals.An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including
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Ether is lower by 2.4% so far in October to $1,640, giving up all its gains and more from a short-lived surge on Monday to near $1,750. Bitcoin, meanwhile, gained 1.4% over the same time frame and is also outperforming ETH on a weekly, monthly and yearly basis, according to
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But where does liquid staking fit into this picture? A spot ETH ETF, if approved, could induce demand from institutional traders, who will then likely scramble to participate staking. Simply holding ETH won’t be enough, these institutions will pivot to staking, looking to give their investors a higher return on
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Following a busy week of Ether futures ETF activity, Eric Balchunas, a Senior ETF Analyst for Bloomberg, shares Ether futures ETF activity flows are off to a slow start. In his report, VanEck Ethereum Strategy ETF (EFUT) is taking an early lead over ProShares with $15.6 million in fund asset inflows. An
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