Including the most recent two applications by VanEck and ProShares, the total number of ETH futures ETF applications filed this year now stands at 23.
Since the beginning of the year, a total of 23 cryptocurrency exchange-traded funds (ETFs) have been filed, bringing the total number of crypto ETF filings in 2020 to 23.
Two more companies have revealed their plans to launch institutional products based on Ethereum: VanEck and ProShares.
The Securities and Exchange Commission of the United States has approved VanEck’s application to launch a “Ethereum Strategy ETF,” while ProShares is proposing to launch a “Ether Strategy ETF,” according to filings with the agency on August 18.
ETFs that invest in Ethereum futures contracts, as well as pooled investment vehicles and other exchange-traded products that offer ETH exposure, are the goal of both ETFs that seek to provide exposure to the cryptocurrency Ethereum. According to the paperwork, the funds will not be purchasing Ethereum on their own.
However, the SEC is still dragging its feet and has not yet approved any Bitcoin ETFs, despite the fact that both firms have officially registered for Bitcoin ETFs.
Kryptoin filed for a ‘Ethereum ETF Trust’ earlier this month, making it the 21st application for the year 2021, while the last two applications increase the overall number of applications for the year 2021 to 23 total applications.
When speaking with Blockworks, Nate Geraci, president of the ETF Store, stated, “Given the latest messaging from the SEC… it appears highly likely that a Bitcoin futures ETF will be approved before an Ether futures product,” before adding,
