Investment Firm Launches Another Attempt at Ether Futures ETF With Kelly Ethereum Ether Strategy ETF

2021-12-1 20:31

Kelly Strategic Management has filed for an Ether Futures exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).

The Kelly Ethereum Ether Strategy ETF is an actively managed fund that will invest in cash-settled Ether futures contracts traded on CME, as per the filing.

In February of this year, CME launched Ether futures, and it limits these futures contracts to 8,000 contracts for an applicable month, with each contract representing 50 ETH.

CME will also be rolling out micro Ether futures that will be one-tenth of one Ether on Dec. 6. Micro Ether futures would provide an efficient, cost-effective way for individual and institutional investors to hedge their price risk as liquidity in Ether futures contracts grows steadily among institutional traders, said CME at the time.

The second-largest cryptocurrency is enjoying an uptrend today as it surpassed $4,740, up 520% YTD, only to follow Bitcoin and drop back to $4,585 as of writing.

This move from the Denver-based firm comes about three months after VanEck and ProShares pulled their similar filings following several Bitcoin Futures ETF applications. It was speculated at the time that the SEC pushed back on Ether futures ETF.

Last month, two Bitcoin futures-based ETFs from ProShares and Valkyrie went public after SEC chair Gary Gensler said futures contracts provide sufficient and better investor protection than spot Bitcoin.

Thanks to the first-move advantage, ProShares Bitcoin Strategy ETF (BITO) is holding $1.4 billion in assets under management.

Ethereum/USD ETHUSD 4,733.0977 $295.35 6.24% Volume 29.59 b Change $295.35 Open$4,733.0977 Circulating 118.56 m Market Cap 561.14 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~ETH~USD"); The post Investment Firm Launches Another Attempt at Ether Futures ETF With Kelly Ethereum Ether Strategy ETF first appeared on BitcoinExchangeGuide.

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ether etf futures kelly ethereum strategy fund

ether etf → Результатов: 65


Asset Manager and Investment Firms Abruptly Withdraw Futures-backed Ether ETF, Another Bitcoin ETF Heads to the SEC

Investment firms ProShares and VanEck have withdrawn their Ether Futures ETF that was filed only just this week. On Wednesday, VanEck filed for an Ethereum-based ETF that would invest in Ether futures, Canada’s approved and listed Ether ETFs, private Ether funds, and ETPs with exposure to ETH.

2021-8-22 19:20


VanEck Files for the First Ethereum ETF in the US

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Evolve Files for a Ethereum ETF After Launching its Bitcoin ETF Last Month

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Фото:

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization.

2018-7-25 02:18