Bloomberg Intelligence’s James Seyffart thinks a bitcoin futures ETF could get approved as soon as October.
Investment firms Van Eck and ProShares have both withdrawn their applications with the SEC for approval of ether futures ETFs, just two days after filing them.
The Ethereum Strategy ETF would invest in ETH futures contracts and an array of other indirect ether products.
VanEck unsuccessfully tried to list a similar fund in 2017.
The fund, managed by Gregory Krenzer, will invest in bitcoin futures and exchange-traded products with bitcoin exposure.
The products trading under the tickers MVDA10 and MVDA25 will use CryptoCompare’s market data and give investors exposure to digital assets.
The four investment firms listed a total of nine bitcoin and ethereum ETPs on the Euronext Paris stock exchange today.
The VanEck Vectors Bitcoin ETN and VanEck Vectors Ethereum ETN will be listed on the two exchanges in Europe on Tuesday with a total expense ratio of 1%.
The bitcoin fund launched last month and appears to have one $10 million investment so far, SEC filings show.
The ETF is listed on the London Stock Exchange and Deutsche Boerse under the ticker “DAPP."
The SEC has yet to approve any bitcoin ETFs in the U.S.
Krpytoin also filed for a bitcoin ETF on Friday.