If you're stopping by for the first time and you haven't already and you want to, please subscribe.

VanEck applies to the SEC for approval of the Ethereum ETF

 

Requests for approval of the Bitcoin ETF directed to the US Securities and Exchange Commission (SEC) are accumulating and increasing, especially as the authority is somewhat slow in processing these files.


The backlog appears to not only be related to Bitcoin ETF offerings but also to Ethereum ETFs.


Asset management company VanEck has applied for approval for the Ethereum Index ETF from the US Securities and Exchange Commission (SEC).


To date, the SEC has flooded Bitcoin ETF deposits, but it has yet to approve any kind of these cryptocurrency funds, unlike Canada, which this year gave the green light to many funds for the first time.


VanEck's Bitcoin ETF file is being reviewed by the US Securities and Exchange Commission, which the commission is expected to decide on by June 17 or could also extend the deadline.


An ETF is a financial product that allows people to invest in a crypto asset, in this case Ethereum, without buying it directly.


Investors can buy and sell shares of Ethereum or a portion of it while tracking the price of Ethereum.


The shares in the VanEck Ethereum Trust will be calculated daily using prices from five Ethereum trading platforms.


Traditional wealthy investors already have avenues of exposure to crypto assets without the burden of storing them, as Grayscale already provides this investment asset.


This company controls more than 3% of the Bitcoin in circulation and has a similar share in the Ethereum market.


However, ETFs are more open to middle-class investors, who can easily integrate them into a retirement portfolio.


The deposit made by VanEck to the SEC explains:


The Ethereum ETF provides investors with the opportunity to access the market for Ethereum through a traditional brokerage account without the potential technical barriers to entry or the risks associated with owning or transferring Ethereum directly, mining it, or obtaining it from a trading platform.


The listing of three Bitcoin ETFs and 3 ETFs in Ethereum earlier this year on the Toronto Stock Exchange (Canada) gave new hope to investment firms south of the border.


Will the authority approve the applications filed with it, or will it be postponed and rejected, as it does every time.

Comments

Post a Comment


To stay up-to-date with all of our latest content, please consider following us on social media.




Popular posts from this blog

Create a Payza account Free in 2 minutes!

Image
Payza is a free online payment service, like Paypal, Neteller and Payoneer, allowing you to send, transfer and receive money online very easily and securely. And you can also transfer money to your bank account or add it to your Payza account. How to open / create a Payza account? Registration is quick and easy, just click here www.payza.org then: - Click on "Sign up" and choose your type of account you want "Personal Account or Business". - Fill in your personal data correctly: Your no name and first name, email address and password "Enter at least 8 characters, include capital letters, lowercase letters, numbers and symbols". After your registration do not forget to check your mailbox to confirm your registration. Wait! Things are not done yet, let's talk about services, which Payza offers its members: 1. Opening an account for free and without annual fees. 2. Send money fast and safely. 3. Receive your payments quickly and sec...
Read more

Digital encapsulated tokens issued by FTX or Alameda are no longer redeemable!

Image
  Following FTX's Chapter 11 bankruptcy filing, the encapsulated cryptocurrency issued by crypto exchange FTX or its sister trading partner Alameda Research has now been hit by a significant drop in prices. According to Coingecko data, the bitcoin encapsulated on Sollet has fallen by more than 60% in the past 24 hours, significantly below the value of the original bitcoin. In contrast, the price of Ethereum encapsulated on Sollet also fell but by only 8% over the same 24-hour time frame. It should be noted that for both encapsulated digital tokens, soETH and soBTC, Coingecko displays a warning notice on its website that: SOBTC digital tokens are encapsulated with bitcoin tokens issued by FTX or ALAMEDA. These two entities have filed for Chapter 11 bankruptcy, so the original cryptocurrency is no longer recoverable. Cryptocurrencies, such as Bitcoin or Ethereum, on Solana make these assets available for use on the Solana blockchain so that users can hold or trade them in place of ac...
Read more

Huobi Group Announces the Launch of its Huobi Ventures Fund

Image
  Huobi Group, one of the world's leading crypto companies, has announced the launch of its “Huobi Ventures” investment fund. The subsidiary will have a $ 100 million investment fund that will focus on growing Huobi's investment portfolio and supporting various blockchain projects through long-term investment strategies. The new investment arm will put $ 100 million in blockchain and decentralized financing projects, DeFi, in its early stages over the next three years. The fund is also expected to be used to make strategic acquisitions to diversify and expand the "Huobi" portfolio and to create a dedicated non-exchangeable tokens (NFT) fund worth $ 10 million. Huobi Ventures integrates a number of existing investment vehicles including Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs together. The new entity is now expected to lead Huobi's investment strategy. The new Huobi Ventures Fund is Huobi’s latest move to diversify its operations away from trading. This c...
Read more

Binance Launches $500 Million Loan Program to Support Bitcoin Miners, Who Can Get It?

Image
 Binance Pool, a mining subsidiary of Binance, has launched a $500 million lending project to support the cryptocurrency mining industry. It will provide loans to private Bitcoin (BTC) miners. According to an official blog post published on October 14, Binance Pool will provide access to a $500 million loan fund with several terms, which include the tenure of 18 to 24 months, and interest rates from 5% to 10%, against certain physical or digital assets. as a guarantee. To determine a borrower's creditworthiness, the company will look at various metrics, including current performance, mining strength, and security. Binance Pool will also launch cloud mining products, directly buying cloud mining hash power from bitcoin mining digital infrastructure providers. Speaking, a Binance spokesperson clarified that the potential lending criteria will only accept secured lenders: “One of the requirements is that the applicant must be classified as a Binance VIP user and have a minimum of PH/...
Read more

Create a Paysera bank account

Image
How to open/create a Paysera account? Paysera Bank is one of the best electronic banks in 2021 and was founded in 2006, with its headquarters in Lithuania. Paysera bank started as a real bank and not electronic, then after that it modernized and developed its services and became the owner of electronic bank services as well, surpassing its counterparts from other electronic banks. Advantages of Paysera card You can have a bank account with them for free. Provides the Visa Paisera card service that helps you activate your PayPal account. Currency exchange service that includes about 32 multiple currencies. More than 150 countries around the world can transfer money with the Paisera card Bank. The lowest commission and costs among its counterparts from other electronic banks. You can order up to five Visa cards for each account you hold with them. It has a high degree of security and account protection. You can transfer your paysera account to your WebMoney account or to your Payza bank...
Read more