Kelly Strategic Management files for Ethereum futures ETF

Eric Balchunas city Chicago Ethereum ETF business SEC CME Ethereum Futures Etf

30.11.2021 - 05:07

Reading now: 967

cointelegraph.com:

Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.

The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August.

According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly Ethereum Ether Strategy ETF will invest in cash-settled Ether futures contracts traded on the Chicago Mercantile Exchange (CME).

Bloomberg’s Senior ETF analyst Eric Balchunas noted on Twitter today that Kelly’s Ether ETF may have a slim 20% chance of getting approval, as he questioned whether the “SEC is ready for this new step.”

In Balchunas’ view, he thinks

Read more on cointelegraph.com

All news from cointelegraph.com

About this in other media

Bitcoin futures ETF has under-performed spot prices since 2018, is it still viable? ambcrypto.com /2 years ago

CME Group launches micro Ether futures as ETH hovers at $4K cointelegraph.com /2 years ago

The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.