Money First Bitcoin-ETF - Is there now a fund on Etherum?

05:50  22 october  2021
05:50  22 october  2021 Source:   finanzen.net

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Just the first Bitcoin fund went to the stock market, the community is already speculating which Krypto currency will probably follow the next. Etherum is very hot.

Servais Mont/Getty Images © Provided by finanzen.net Servais Mont / Getty Images

• SEC opens the crypto market

• IPO for Bitcoin Futures-ETF

• Crypto fans hope for soon EtherEm-ETF

of the US IPO of the first bitcoin -Ef in October 2021 was an important milestone for the cryptosector. For since 2013, the industry endeavored to obtain approval in the US for such an index fund. But the US supervisory authority SEC had always postponed its approval - whereas such financial products in Exchanges in Canada and Europe can already be traded.

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That the Financial Product of the ETF Provider and Fund Sponsor ProShares has been approved by the title ProsheRes Bitcoin Strategy ETF, it is thus related to that it does not map the Bitcoin itself, but futures' contracts (futures) on the crypto currency. - bitcoin action with plus 500 - that's how it works. 72% of private investor accounts lose money when using this provider CFDS . You should carefully check if you can afford to take the high risk of losing your money. - According to SEC boss Gary Gensler, the structure of such a bitcoin futures ETF offers better investor protection as an ETF, which is bound directly to the physical bitcoin.

High Expectations

After the first IPO of a Bitcoin Fund in the US, the joy is great in the crypto community - the expectations are synonymous. Because for the crypto supporters, this is merely an important stage target. They hope that the Krypto market will now get really momentum and that after the successful approval, numerous other ETFs will follow on crypto currencies.

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According to Twitter , for example, Lark Davis pointed out that the EtherEmum course attracts expectantly. "Just wait until you announce an ETH-ETF," says the Krypto Investor. The Krypto Trader "The Wolf of All Streets" also assumes that an EtherEm-ETF will come to the stock market.

#ethereum Already Pumping, Just Wait Until They Announcement The ETH ETFS !!!

- Lark Davis (@Thecryptolark) October 16, 2021

Going to Start The Campaign Now for the Sec to Approve to Etherum ETF.

Might AS Well Get Ahead of the Crowd, Because it's Coming Eventually.- The Wolf of All Streets (@scottmelker) October 8, 2021


According to "FX Empire", it is certainly obvious that after Bitcoin, an ETF will follow on EtherEm. Finally, this is the crypto currency with the second largest market capitalization.

The investment companies ProShares and Vaneck had already submitted in the summer approval requests for Etherum Future ETFs at the SEC, but then briefly withdrawn. But as "FX Empire" reports, some applications for Etherum ETFs, which are based on cash rates, are still pending - including index funds of Kryptoin Investment Advisors and Gemini Trust Company. However, in order to obtain the consent of the SEC, a potential EtherEm-ETF could follow the example of the ProShares Bitcoin Strategy ETF according to the "FX Empire" and support themselves on futures. After all, the launch of the first Bitcoin Future ETF was an important signal to the industry, as an ETF could be designed to obtain successful approval.Redaction finanzen.net

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