Friday, January 28, 2022
Home Crypto News Market Kelly ETFs Filed An Application With SEC To Launch Ethereum Futures ETF

Kelly ETFs Filed An Application With SEC To Launch Ethereum Futures ETF

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The American company Kelly ETFs, which provides trading services for exchange-traded funds, has filed an application with the US Securities and Exchange Commission (SEC) to launch an Ethereum futures ETF.


 

According to the filing, the Kelly Ethereum Ether Strategy ETF if approved will be available for trading on the Chicago Mercantile Exchange (CME). The fund will not facilitate direct exposure to Ethereum price, the structure of the new Ethereum ETF is similar to the structures of the already approved funds for Bitcoin futures.

This is the only ETH futures ETF application currently pending with the US Securities and Exchange Commission. The regulator has 75 days to review it. However, the SEC may well postpone or even reject the application.

 

According to Bloomberg analysts Eric Balchunas and James Seyffart, the probability of approval of the Kelly ETFs application is no more than 20%.

 

 

 

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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