🦎🚀 Just a trickle, and then all at once? 💦

Tuesday, October 3, 2023

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Under Expectations

It was a slow start for the first day of trading for futures-based ether exchange-traded funds (ETFs) in the United States.

Nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. However, these nine funds had a slow start, with a total trading volume of just under $2 million as of 11:25 am ET. Bloomberg Intelligence analyst Eric Bulchunas described this volume as "meh" on Twitter.

Read on!

What Can 1 BTC Buy in 2020?

During the 2020 pandemic, 1 Bitcoin reached an all-year high price of $28,837.

If travel had been possible, just 1 BTC could have paid for one of the world's most expensive flights, Etihad Airways' San Francisco to Abu Dhabi ticket.

24h Hot Searches Worldwide 🔥

Bella Protocol (-5.2%)
Toncoin (-2.5%)
Verasity (-0.1%)
Trust Wallet (-0.9%)
Polygon (+1.0%)
Baby Doge (-6.3%)
FEG ETH (-3.5%)

Frax is a veteran project in the cryptoverse, and it has been busy shipping new products and services in the past couple of years.

Learn all about the Frax ecosystem!

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A New Framework

The International Monetary Fund (IMF) has introduced a framework for "understanding and tracking systemic risks stemming from crypto assets."

This framework offers tools to help policymakers and regulators manage potential risks arising from the crypto sector, emphasizing the need to incorporate these tools into existing regulatory and systemic risk evaluation procedures.

The Block

The Big Boys Are Here

UBS Asset Management has initiated its first "live pilot" for a tokenized money market fund on the Ethereum blockchain.

This pilot is part of Project Guardian, an industry initiative led by the Monetary Authority of Singapore (MAS), and the fund is structured as a variable capital company (VCC) under Singapore's new legal entity form for investment funds.

Decrypt

Count Me In!

Grayscale is seeking to convert its Ethereum (ETH) product, the Grayscale Ethereum Trust (ETHE), into an exchange-traded fund (ETF).

NYSE Arca has filed a 19b-4 with the Securities and Exchange Commission (SEC) to facilitate this conversion shortly after the first series of futures-based Ethereum ETFs were introduced to the U.S. market.

CoinDesk