Unlocking Double Daily Movement with Ether ETFs
Welcome, crypto enthusiasts! Exciting news awaits as US investors can now access funds that track double the daily movement of Ether. However, a spot Ether ETF still awaits full regulatory approval, creating anticipation in the market. Let’s dive into the latest developments and what they mean for you in the world of cryptocurrency.
Volatility Shares Launches ETHU: 2x Ether ETF
- Volatility Shares introduced ETHU, a 2x Ether ETF, on June 4th.
- This ETF aims to mirror daily returns that are twice Ether’s daily movements, with fees of 0.94%.
ProShares Announces New Ether ETFs
- ProShares revealed plans to list two new ETFs on the New York Stock Exchange on June 7.
- ETHT will target double the daily gains of Ethereum, while ETHD focuses on doubling the price drops.
Derivatives Utilized for ETF Trading
These ETFs do not directly invest in Ether; instead, they utilize derivatives like futures contracts to meet their investment objectives.
Approved Spot Ether ETFs Await Final Registration
Despite the approval of these Ether ETFs, the exchanges and providers must clear a final hurdle by filing registration statements with the SEC to provide investors with essential product details.
ETF analyst Eric Balchunas predicts a streamlined approval process similar to recent Bitcoin ETFs, requiring only one round of regulatory feedback.
Hot Take: The Future of Ether ETFs
Exciting times are ahead for Ether ETFs as they pave the way for enhanced trading opportunities. Keep an eye on the latest developments in the crypto market as you explore new investment avenues.
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