Ether ETFs pending — Grayscale, VanEck and others file SEC applications

includes two applications: a proposed Grayscale Global Bitcoin Composite ETF and a Grayscale Ethereum Futures ETF. Grayscale’s Ether ETF will invest in futures contracts that are set to be traded on the Chicago Mercantile Exchange.

The SEC filing notes that Grayscale’s fund will primarily invest “front-month” Ether futures, which are contracts with “the shortest time to maturity.” Grayscale added that it intends to “roll” Ether futures contracts before they expire.plans to list an Ether futures ETF, investing its assets in cash-settled contracts referencing ETH trading on the Chicago Mercantile Exchange. It’s noted that the fund will not invest directly in Ether.

Volatility’s filing also notes that it intends to enter into cash-settled Ether futures contracts as the buyer. Cash-settled futures markets typically see a counterparty pay cash to the buyer if the price of a futures contract goes up, while the buyer would pay the counterparty if the price of the futures contract goes down.

Source: Digital Coin News (digitalcoinnews.net)

Separate filings submitted to the SECGov reviewed by Cointelegraph outline respective applications from the likes of Grayscale, vaneck_us, BitwiseInvest, Volatility Shares, ProShares and Round Hill Capital.

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