Ethereum futures become latest ETF craze as applications tumble in

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While the SEC has yet to approve a spot bitcoin fund, it has approved funds based on bitcoin futures, leading to optimism.

flooded in over the past several months, prompting a rally in the digital asset's price. After Blackrock filed in June, a flurry of other firms filed including Fidelity, VanEck and Valkyrie, all vying for the eventual passing of such a product.about fraud and manipulation when asked about pending applications for a spot bitcoin ETF.

“There’s a lot of noncompliance in this field,” Gensler said last week, remarking on the combinations of different market functions that can occur on crypto trading platforms that are prohibited in traditional financial exchanges for conflict of interest and investor protection reasons.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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