Nashville-based asset manager Valkyrie Investment starts the first Ethereum Futures ETF (Exchange-Traded Fund), opening up new ways for crypto in Wall Street and SEC madness.
Crypro Attractiion of Wall Street
After BTC ETF, the ETH ETF is the most significant effort by Wall Street to attract crypto investors to invest in business, as it attracts people not by scaring them with any anti-crypto laws, but in the name of investing in crypto.
Crypto Pressure for SEC
SEC chief Gary Gensler has recently been reprimanded by US lawmakers for harming the crypto industry. Wall Street is also pressuring the SEC to approve the spot BTC ETF. In such a situation, the issuance of ETH ETF would be like giving chance to SEC.
Thoughts
ETFs do not determine the value but may generate some movement in the volatile market. Ethereum has become synonymous with staking since it became PoS. By investing in an ETF, no investor will have stakeable ETH, so I would not suggest investing in an ETF.
