The ETF frenzy started by the world's largest asset manager Blackrock still continues.
Finally, after consecutive Ethereum futures ETFs, new ETF applications came from ProShares and Bitwise.
According to the applications, ETFs prepared by ProShares and Bitwise offer exposure to both Bitcoin and Ethereum.
At this point, ProShares filed an ETF application that tracks both BTC and ETH prices together, in addition to the ETH futures ETF application it made recently.
He called the ProShares ETF the “Bitcoin and Ether Equal Weight Strategy ETF”.
Bitwise, like ProShares, has applied for two separate ETFs that track both Bitcoin and Ethereum prices together.
Sharing the latest ETF filings, Bloomberg analyst James Seyffart noted that there are currently 12 Ethereum futures ETF applications ahead of the SEC:
“Right now, the SEC has a dozen or so Ethereum futures ETF filings.
I feel like there will be another application tomorrow.”
UPDATE: We’re at 12. it’s late but I missed one today. @Bitwise actually filed for two ETFs. Equal weight and market weight versions of their dual #Bitcoin and #Ethereum futures ETFs. We’re up to a full dozen Ether futures ETF filings now. Feel like we will get another tomorrow. https://t.co/DWYvEfEKNc pic.twitter.com/q1R1GCkvz5
— James Seyffart (@JSeyff) August 4, 2023
In recent months, after increasing ETF filings, crypto industry and analysts are also awaiting approval for a spot Bitcoin ETF from the SEC, which has so far only accepted Bitcoin futures ETFs. He thinks the odds of the SEC approving a spot Bitcoin ETF are increasing day by day.
*Not investment advice.
