Crypto markets are spiking as three major Ethereum (ETH) futures exchange-traded funds (ETFs) are set to debut. VanEck, ProShares and Bitwise have all announced the launch of their respective ETFs, which are based on the price of ETH. ProShares is launching ProShares Ether Strategy ETF (EETH), an Ether-tracking ETF, today. ProShares is also launching two ETFs that track a blend of Bitcoin (BTC) and ETH. Michael L. Sapir, CEO of ProShares, said that there has been “substantial demand from investors for access to the performance of cryptocurrencies through ETFs”. Bitwise, the largest crypto index fund manager in the US, is also launching two Ethereum ETFs today: the Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). According to Bitwise CEO Hunter Horsley, Ethereum has “billions in revenue, millions of users, and thousands of distinct apps and developers”, and these ETFs will give investors the opportunity to “participate in that growth with confidence through regulated ETFs”. VanEck has announced the VanEck Ethereum Strategy ETF (EFUT), which is structured as a C-Corp for potential tax benefits for long-term investors.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	Michael L. Sapir, Hunter Horsley
Companies	Ethereum, Bitwise, Bitcoin, VanEck, ProShares
Currencies	Ethereum, Bitcoin
Securities	None