📉 The SEC's approval of Ethereum ETFs confirms that Ethereum is a non-security asset, according to Brian Quintenz, former CFTC Chairman and currently head of crypto policy at a16z.
- On October 2, financial markets hosted a total of nine ETF products aimed at tracking futures contracts tied to Ether, the native currency of the Ethereum blockchain.
– Five of these nine ETFs focus solely on Ether futures, while the remaining four ETFs offer exposure to both Bitcoin (BTC) and Ethereum (ETH) futures contracts.
- Grayscale Investments is also exploring the possibility of converting its existing Ethereum Trust into a spot Ethereum ETF.
However, initial trading volumes for these ETFs are low, and some remain unconvinced that the SEC's approval is indicative of a bull market. Ethereum is currently trading at $1,638, down 1.12%.
- On October 2, financial markets hosted a total of nine ETF products aimed at tracking futures contracts tied to Ether, the native currency of the Ethereum blockchain.
– Five of these nine ETFs focus solely on Ether futures, while the remaining four ETFs offer exposure to both Bitcoin (BTC) and Ethereum (ETH) futures contracts.
- Grayscale Investments is also exploring the possibility of converting its existing Ethereum Trust into a spot Ethereum ETF.
However, initial trading volumes for these ETFs are low, and some remain unconvinced that the SEC's approval is indicative of a bull market. Ethereum is currently trading at $1,638, down 1.12%.