● Bloomberg analyst: Ethereum futures ETF has started trading, with current trading volume slightly below $2 million
Eric Balchunas, senior ETF analyst at Bloomberg, wrote on X that Ethereum futures ETFs have started trading, and the current trading volume is average. The total trading volume of 9 Ethereum futures ETFs is slightly less than 2 million US dollars, which is normal for a newly launched ETF. However, compared with the Bitcoin futures ETF BITO (BITO's trading volume reached 200 million US dollars in the first 15 minutes), the trading volume is low.
● Grayscale applies to convert its Ethereum Trust Fund into a spot ETF
According to GlobeNewswire, Grayscale Investments and NYSE Arca jointly applied to convert Grayscale's Ethereum Trust Fund into an Ethereum spot exchange-traded fund (ETF).
● Bitwise announces the launch of two Ethereum-themed ETFs
Bitwise Asset Management announced the launch of two Ethereum-themed ETFs, the Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP). With the launch of this product, investors can gain exposure to Ethereum futures through a regulated ETF for the first time.
● UBS Asset Management conducts a money market fund tokenization pilot on the Ethereum chain
According to the Daily Planet, UBS Asset Management (UBS) has conducted a pilot of money market fund tokenization on the Ethereum chain as one of the pilots of the Monetary Authority of Singapore (MAS) "Guardian Program". The key advantage of fund tokenization is to improve liquidity and expand the investor base. In the first pilot transaction, UBS Asset Management executed the subscription and redemption of fund tokenization in the form of smart contracts, and plans to explore other investment strategies with more partners.
Thomas Kaegi, head of asset management for Singapore and Southeast Asia at UBS, said this is an important milestone in understanding fund tokenization and will work with traditional financial institutions and fintech providers to improve market liquidity and market access for clients.
● CoinShares: Last week, digital asset investment products saw a net inflow of $21.2 million, the first net inflow in seven weeks
According to the CoinShares report, digital asset investment products saw a net inflow of $21.2 million last week, ending a six-week period of outflows. This week, Bitcoin investment products saw a net inflow of $20.4 million, Ethereum investment products saw a net outflow of $1.5 million, investment products that shorted Bitcoin saw a net outflow of $1.5 million, and Solana investment products saw a net inflow of $5.1 million.
● Binance Blockchain Week is selected as one of the top ten cryptocurrency events in the world by Forbes
Forbes named Binance Blockchain Week one of the top ten cryptocurrency and digital asset events in the world this year. As U.S. regulation of cryptocurrencies tightens, blockchain conferences in Asia and Europe have received more attention. Binance Blockchain Week, which will be held in Istanbul on November 8-9, will delve into the theme of "The Next Billion Users and the Future of Web3." The conference will bring together developers, policymakers, investors, entrepreneurs, and innovators to participate in a variety of panel discussions and keynote speeches.
Binance co-founder He Yi said that Turkey will be a "vibrant destination for attendees to gain a more comprehensive understanding of blockchain and participate in the new financial era." The conference is expected to have more than 2,000 participants. In addition, a dedicated event Staking Summit will be held on November 10-11 for all PoS infrastructure participants (including protocols, validators, institutions, etc.).
● US CFTC Chairman: DeFi field needs to be regulated
According to The Block, Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the need to regulate the decentralized finance (DeFi) sector in a speech, comparing the situation to unlicensed doctors.
CFTC Enforcement Director Ian McGinley said in September, "The existence of unregulated DeFi trading platforms poses a clear threat to the markets and customers regulated and protected by the CFTC, and this is an issue we take very seriously."
As previously reported, the U.S. CFTC announced its recent enforcement actions in the DeFi field on September 8, filing charges against Opyn, ZeroEx and Deridex, and reached a settlement agreement.
● UK Financial Conduct Authority: Overseas crypto companies have "very low" participation in crypto advertising rules
According to CoinDesk, British regulators have found that some overseas cryptocurrency companies have "low" participation in upcoming advertising rules. Officials from the UK Financial Conduct Authority said that the UK Financial Conduct Authority tried to get some foreign cryptocurrency companies involved in the upcoming industry promotion rules, but the companies did not respond positively.
The promotion rules, which require cryptocurrency companies to post appropriate warnings on their websites and impose a 24-hour waiting period for new investors to confirm whether they are willing to sign a contract with the company, will take effect on October 8. The regulator also gives businesses the option of applying for a three-month extension to comply with the rules.
