• bitcoinBitcoin$69,908.00-0.73%
  • ethereumEthereum$3,541.43-1.15%
  • elrond-erd-2MultiversX$59.77-2.12%

Over 40 Digital Currency ETFs Are Pending Regulatory Approval in the US

Bloomberg Intelligence analyst James Seyffart reported that more than 40 crypto ETFs are currently awaiting listing in the US as fund managers seem to try to match demand from investors with BTC and ETH reaching new ATHs.

Four of them have received approval from the SEC already, such as the Ark 21Shares Bitcoin ETF.

The most recent fund applications were made on October 27th by AXS Investments: the AXS Bitcoin Strategy ETF and the AXS Short Bitcoin Strategy ETF.

Most of the funds that are awaiting listing want to buy Bitcoin directly, or their derivatives and futures. A couple of funds operate on a mixed strategy by adding just a fragment of their assets in Bitcoin with the rest going to US-based equities or blockchain stocks.

Three funds are trying to match the performance of Ethereum: the VanEck Ethereum Trust, the Wisdomtree Ethereum Trust, and the Kryptcoin Ethereum Trust. All three of them are awaiting approval after being filed earlier this year.

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