Bitcoin
Bitcoin (BTC)
$63,760.00 -1.46525
Bitcoin price
Ethereum
Ethereum (ETH)
$3,412.40 -0.2411
Ethereum price
BNB
BNB (BNB)
$570.27 -0.75734
BNB price
Solana
Solana (SOL)
$159.09 0.25722
Solana price
XRP
XRP (XRP)
$0.5509660 -9.80201
XRP price
Shiba Inu
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$0.0000172 -8.61475
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.05745
Pepe price
Bonk
Bonk (BONK)
$0.0000266 -2.62047
Bonk price
Bitcoin
Bitcoin (BTC)
$63,760.00 -1.46525
Bitcoin price
Ethereum
Ethereum (ETH)
$3,412.40 -0.2411
Ethereum price
BNB
BNB (BNB)
$570.27 -0.75734
BNB price
Solana
Solana (SOL)
$159.09 0.25722
Solana price
XRP
XRP (XRP)
$0.5509660 -9.80201
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.61475
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.05745
Pepe price
Bonk
Bonk (BONK)
$0.0000266 -2.62047
Bonk price
Bitcoin
Bitcoin (BTC)
$63,760.00 -1.46525
Bitcoin price
Ethereum
Ethereum (ETH)
$3,412.40 -0.2411
Ethereum price
BNB
BNB (BNB)
$570.27 -0.75734
BNB price
Solana
Solana (SOL)
$159.09 0.25722
Solana price
XRP
XRP (XRP)
$0.5509660 -9.80201
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.61475
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.05745
Pepe price
Bonk
Bonk (BONK)
$0.0000266 -2.62047
Bonk price
Bitcoin
Bitcoin (BTC)
$63,760.00 -1.46525
Bitcoin price
Ethereum
Ethereum (ETH)
$3,412.40 -0.2411
Ethereum price
BNB
BNB (BNB)
$570.27 -0.75734
BNB price
Solana
Solana (SOL)
$159.09 0.25722
Solana price
XRP
XRP (XRP)
$0.5509660 -9.80201
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.61475
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.05745
Pepe price
Bonk
Bonk (BONK)
$0.0000266 -2.62047
Bonk price

CBOE filed two requests for first spot Ethereum ETF

cboe-filed-two-requests-for-first-spot-ethereum-etf
Edited by
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CBOE filed two requests for first spot Ethereum ETF

The Chicago Board Options Exchange (CBOE) has filed two applications seeking the SEC’s approval for the ARK 21Shares Ethereum ETF and VanEck.

The filing of the 19b-4 form is dated Sept. 6. A 19b-4 form is usually presented by self-regulatory organizations, such as the CBOE, asking for a specific requirement from the SEC.

The SEC will have 240 days to decide if the Ethereum (ETH) ETF will be approved or denied.

What is an ETF?

Exchange-traded funds (ETFs) have recently become a simplified and convenient investment option for many assets, including cryptocurrencies like Bitcoin (BTC). ETFs allow investors to gain exposure to the performance of an asset or a combination of assets without actually owning them.

Bitcoin ETF tracks the price of Bitcoin, allowing investors to invest in the world’s major crypto without the need to purchase and manage the cryptocurrency themselves. This eliminates the need for customers to open an exchange account or deal with cryptocurrency wallets, saving them time and effort.

The appeal of ETFs lies in their ease of use, transparency, flexibility, and relatively low cost. They provide a convenient way for traditional investors to access cryptocurrencies like Bitcoin, which can be volatile and lack regulation. Investing in a regulated ETF can mitigate some risks associated with directly investing in cryptocurrencies.

The popularity of Bitcoin ETFs has increased, with institutions and individual investors showing interest in gaining exposure to Bitcoin without actually holding the digital coins. For example, the launch of Purpose’s Bitcoin ETF in Toronto saw significant demand, with approximately 10 million shares sold on the debut day.

However, the journey towards Bitcoin ETFs has been challenging. Regulatory bodies, such as the US SEC, have been cautious in approving Bitcoin ETFs due to concerns about the volatile nature and lack of regulation in the cryptocurrency market.

Most recently, SEC has postponed ruling on six spot Bitcoin ETF applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Fidelity, and BlackRock.