Bitcoin, Ether Focus Of New ETF Proposals By ProShares And Bitwise To SEC
Portfolio Pulse from Murtuza Merchant
ProShares and Bitwise have submitted proposals to the U.S. Securities and Exchange Commission (SEC) for the establishment of Bitcoin and Ether focused ETFs. ProShares' ETF is intended to track the performance of maintaining long positions in the soonest maturing monthly Bitcoin and Ether futures contracts. Bitwise has lodged an application for a Bitcoin and Ether Market Weight ETF. This expands ProShares' portfolio of crypto-related funds, which already includes a Bitcoin futures ETF.
August 04, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The proposed ETFs by ProShares and Bitwise could increase the liquidity and accessibility of Bitcoin, potentially driving its price up in the short term.
ETFs provide a way for investors to gain exposure to Bitcoin without owning the underlying asset. This could increase demand for Bitcoin, potentially driving its price up.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The proposed ETFs by ProShares and Bitwise could increase the liquidity and accessibility of Ether, potentially driving its price up in the short term.
ETFs provide a way for investors to gain exposure to Ether without owning the underlying asset. This could increase demand for Ether, potentially driving its price up.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100