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Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August. According to a Nov. 29 filing with the
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The Kelly Ethereum Ether Strategy ETF is an actively managed fund that will invest in cash-settled Ether futures contracts traded on registered commodity exchanges. The value of futures contracts is tied to the underlying reference asset, which is ether in this case. “Cash-settled” means that if the futures contract expires
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On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for
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The launch of VanEck’s bitcoin futures ETF was “unexpectedly later than announced,” and so it’s possible that investors who were interested in a bitcoin futures ETF had already placed their bets, said Laurent Kssis, director of CEC Capital, a crypto trading advisory firm. Source
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After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, United States $1.6-trillion asset manager Invesco has disclosed the reasons behind its decision.Anna Paglia, global head of ETFs and indexed strategies at Invesco, said that the biggest reason for dropping the filing was that the U.S.
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Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView. However, the financial watchdogs
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The VanEck Bitcoin Strategy ETF (XBTF) closed its first day of trading on Nov. 16 with "respectable" trading volume, but one that pales in comparison to similar launches. Bitcoin futures ETFs provide investors exposure to potential future prices of Bitcoin without forcing them to hold any Bitcoin themselves. At market
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Crypto ETF expert Laurent Kssis, director of CEC Capital, said: “All this is doing is compressing downwards the bitcoin ETF in the U.S. at a much faster rate than in Europe.” Kssis went on to add that XBTF is an actively managed ETF and many investors won’t know how and
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The ETC Group and white-label issuer HANetf have reportedly announced the continuation of their partnership with the introduction of the ETC Group Digital Assets & Blockchain Equity UCITS ETF, a fund that tracks other cryptocurrency products.The new crypto-focused fund will provide digital assets and blockchain investment possibilities in a variety
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