ProShares debuted the Ether Strategy ETF (EETH), Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Bitcoin & Ether Market Cap Weight Strategy ETF\u2026
The U.S. Securities and Exchange Commission is deciding whether to approve a potential spot bitcoin ETF.Bitcoin & Ether Market Cap Weight Strategy ETF
"What we know is the futures ETFs are here today and what's important about that is that the regulated futures market resolves a lot of the challenges as the spot market is maturing," Simeon Hyman, ProShares' global investment strategist, told CNBC's"Bitcoin Strategy ETF , which is the largest bitcoin futures ETF on the market. It follows bitcoin futures and is up more than 37% year to date.
"It's rare when you get a new asset class to enter into the ETF lexicon," said Todd Sohn, Strategas Securities ETF and technical strategist, in the same interview. He understands why ETF issuers are jumping on crypto as the next opportunity. "We'll see how the asset class performs, but this is a new area for everyone to get involved into, so I think that's why you're seeing such popularity with all these releases," Sohn said.
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