On August 3, ProShares and Bitwise filed an application with the U.S Securities and Exchanges Commission (SEC) for an exchanges traded funds mainly focused on bitcoin and Ether.
According to ProShares’ filling the bitcoin and Ether weight ETF will measure “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.”
The file also mentioned, ETF “seeks investment results, before fees and expenses, that track the performance of the Bitcoin and Ether Equal Weight Index.”
Recently, ProShares boasts several crypto-related funds, including a bitcoin futures ETF. Like last year, it filed an application for a metaverse-focused ETF with the SEC.
In contrast, the filing for Bitwise’s Bitcoin and Ether Market Weight ETF claims that it “seeks to provide investors with capital appreciation.” This ETF would offer exposure matching the market caps of the two crypto currencies.
ProShare and Bitwise are now in the queue who filed the application related to Ether ETFs in the last seven days.
Also Read: Volatility Shares & 5 Other Firms File for Ether Future ETFs
