More than 40 digital currency ETFs are waiting for U.S. regulatory approval

Due to major cryptocurrencies such as Bitcoin, fund managers seem to be scrambling to meet the needs of investors.Bitcoin) And ether (Ethereum) Hovering around record price levels.According to the Bloomberg terminal screenshot take Bloomberg Information analyst James Seyffart said that there are currently more than 40 cryptocurrency exchange-traded funds or ETFs waiting to be listed in the United States.

Sources said that four of them have been approved by the US Securities and Exchange Commission, the most famous of which is the Ark 21Shares Bitcoin ETF. create With the joint efforts of 21 Shares and ARK Invest.

The latest fund application came from AXS Investments on October 27th. They are AXS Bitcoin Strategy ETF and AXS Short Bitcoin Strategy ETF. The vast majority of funds to be listed seek to directly purchase BTC or its futures and derivatives. Some funds adopt a mixed strategy, investing only part of their assets in BTC, while investing the rest in U.S. stocks or blockchain stocks. However, there are also three funds that focus on matching the performance of ETH. They are VanEck Ethereum Trust, Wisdomtree Ethereum Trust and Kryptcoin Ethereum Trust. All three were submitted earlier this year and are currently awaiting approval.

The U.S. Securities and Exchange Commission spent eight years Authorize such financial products In the U.S., they have Gained great popularity Among investors. Earlier this month, Proshares Bitcoin Strategy ETF became the first crypto ETF listed in the country.As of press time, the total assets managed by the fund are Exceed 2 billion U.S. dollars.