대규모 자금이 이더 선물로 전환, 반 다스 이상의 기업이 ETF 신청서를 제출

Following the hype that came after investment management giant BlackRock (BLK ) filed with the SEC to debut a spot Bitcoin (BTC ) ETF in mid-June, Ethereum (ETH ) futures exchange-traded funds (ETFs) have recently seen similarly broad interest. Several asset managers have in recent days rushed to make applications in attempt to tap on the potential niche.

유명 기관들이 이더리움 선물 ETF 신청 제출

이더리움 선물은 투자자에게 더 구조화된, 비록 간접적인 노출을 제공하며, 이더의 가격 움직임에 대해 투기할 수 있게 해줍니다. 즉, ETH의 향후 가격이 하락할지 상승할지에 베팅하는 것입니다.

Ether ETFs have taken center stage this week, spearheaded by Volatility Shares, which officially filed for the Ether Strategy ETF on Jul 28, following the significant recognition it saw in June when it introduced the 2x Bitcoin Strategy ETF (debutant leveraged cryptocurrency ETF in the United States).

If approved by the securities regulator, the Volatility Shares Ether fund would be the first of its kind in the US, with the company’s offering potentially launching on Oct 12, the expected 75 days after the filing was done. Assets cumulated in the fund will be allocated in cash-settled contracts mirroring Ether (ETH) market action on the Chicago Mercantile Exchange.

What followed Volatility Shares has been a flurry of applications, with another six asset managers filing within 24 hours. Five of them – the ProShares Short Ether Strategy ETF, VanEck Ethereum Strategy ETF, Grayscale Ethereum Futures ETF, Bitwise Ethereum Strategy ETF, and Roundhill Ether Strategy ETF were all submitted by Aug 1.

ProShares said its Short Ether Strategy ETF would have an investment approach centered on daily contracts to profit from losses in the S&P CME Ether Futures index. On the other hand, VanEck’s investment strategy would revolve around Ether futures contracts, aiming to maintain exposure to Ether’s value equivalent to 100% of the fund’s total assets, while Grayscale’s fund would dominantly invest in front-month Ether futures, which are contracts boasting the shortest time to maturity.

On Wednesday, Virginia-based exchange-traded fund (ETF) issuer Direxion added to the list of companies filing to introduce ether futures ETFs after it submitted its application for a combined Bitcoin and Ether Futures Fund. Its Direxion Bitcoin Ether Strategy ETF proposes to invest in both Bitcoin and Ether futures contracts on the Chicago Mercantile Exchange.

비트코인 vs 이더리움 연간 누적 수익률. 출처: TradingView

Ether (ETH) has struggled to break above the psychological $2,000 barrier since mid-April. In the latest attempt on Jul 14, the ETH/USD pair successfully broke past the mark as part of a market-wide rally but gave up the gains few hours later.

ETH/USD 캔들 차트

Ether was at writing trading at $1,835 – down 6.20% in the last 30 days. Still, it has made a decent recovery so far with 52% returns year-to-date.

To learn more about Ethereum, check out our Investing in Ethereum guide.

Grayscale도 비트코인 ETF를 신청

Grayscale, which last Thursday in a letter to the SEC, emphasized the need for equal treatment of all applicants (proposed simultaneous approval of all spot bitcoin ETF filings), accompanied its Ether ETF filing with a proposal to list the shares of Grayscale Global Bitcoin Composite ETF on New York Stock Exchange Arca.

Previously, the SEC rejected Grayscale’s attempt to convert its flagship Grayscale Bitcoin Trust (GBTC) into an ETF, and the firm sued the regulator for it.

This week’s wave of applications arrives as the broader industry awaits the decision of the Securities and Exchange Commission on pending requests for spot Bitcoin ETFs. While the SECs has shown hesitance in approving a spot Bitcoin fund, it has given a green light to several Bitcoin futures funds hence market participant’s optimism (OP ) in the SEC waiving okay to the latest string of the ether futures ETF submissions.

To learn more about Bitcoin, check out our Investing in Bitcoin guide.