VanEck Submits Ethereum Futures ETF Application to the SEC

Share Article
In Brief
  • VanEck files another ETF application with the U.S. SEC.

  • This time it's a futures-based Ethereum ETF, called the Ethereum Strategy ETF.

  • Investors in the market are eager for an approval, which could result in a seismic shift for the market.

  • promo

    Stake your points and qualify for the 200,000 USDT prize pool. Start staking now!

The Trust Project is an international consortium of news organizations building standards of transparency.

Investment management firm VanEck has filed another ETF application with the U.S. SEC, this time for an Ethereum futures fund.

Sponsored



Sponsored

The United States Securities and Exchange Commission (SEC) has received another ETF application, adding to its growing list. This time, VanEck has filed a futures-based Ethereum ETF, called the Ethereum Strategy ETF. This follows a bitcoin futures prospect strategy that was submitted to the SEC.

VanEck is well known in the market for its bitcoin ETF applications. It has also applied for an Ethereum ETF, but all eyes are mostly on the bitcoin application. Of course, none have been approved so far, and the SEC has delayed its decision multiple times. Still, the firm manages to resolutely move forward with its plans.

Sponsored



Sponsored

Should the market receive its first approved ETF, then there’s no doubt that there will be a massive interest in the investment vehicle. Some would-be investors are holding out because they would like a simpler, more accessible way of entering the market. ETFs are available in Europe and some countries, so the possibility is not out of the realm of possibility.

Of course, all of this depends on when the SEC will approve an ETF. Chairman Gary Gensler has repeatedly stated that investor protection is a priority. To that end, he has made numerous statements and called on Senator Elizabeth Warren for regulatory support.

Investors in the market are eager for approval, which could result in a seismic shift for the market. An ETF would make it easy for many investors to hop into the market, thus boosting adoption. For that reason, the market is paying close attention to what the SEC is doing.

When will an ETF approval arrive?

The truthful answer to the question is no one can be sure. While the SEC is very likely to offer a decision one way or the other by the year’s end, there’s no telling if there’ll be an approval. Several ETF applications now lie on the wayside, with the SEC saying that investor protection and market manipulation remain concerns.

Cryptocurrency supporters argue that an ETF will make the market more regulated and actually prevent some of the concerns the SEC has. For one thing, it will offer a safe way to invest in the market, as opposed to the more unregulated ways currently available.

The SEC is working with other governmental agencies to form a broad regulatory framework for the market. This is likely to inform the decisions on ETF approvals, and investors will have to wait on this. The silver lining is that once the regulation is out, fund managers should have a better sense of what the SEC is looking for.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Rahul's cryptocurrency journey first began in 2014. With a postgraduate degree in finance, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has guided a number of startups to navigate the complex digital marketing and media outreach landscapes. His work has even influenced distinguished cryptocurrency exchanges and DeFi platforms worth millions of dollars.

Follow Author

Limited offer! Learn to mine and trade crypto today for free

Join

Earn up to $10,000 USD every week in CoinFLEX AMM+ Arena!

Earn Now

Be our Supreme Scorer and qualify for a grand prize pool of 200,000 USDT!

Join