NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point

VanEck Files For Ethereum ETF As ETH’s Price Staggers

Reynaldo Marquez
Reynaldo Marquez
Last Updated: May 8, 2021 1:45 am
2 mins read
Ethereum ETH ETHUSD

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

According to a Form S-1 filed with the U.S. Securities and Exchange Commission (SEC), asset manager VanEck Digital Assets has filed for an Ethereum Exchange Traded Fund (ETF). Called VanEck Ethereum Trust, it would trade on the exchange Cboe BZX, if approved.

The investment product would track the MVSI CryptoCompare Ethereum Benchmark Rate and would hold physical ETH. As Custodian, VanEck has appointed the Delaware Trust Company.

Per the document, the custodian will hold the physical ETH. If the cryptocurrency trade downwards, VanEck will redeem or sell more shares. Selling the ETH has been ruled out. According to the document:

The Trust’s investment objective is to reflect the performance of the MVIS® CryptoCompare Ethereum Benchmark Rate less the expenses of the Trust’s operations. In seeking to achieve its investment objective, the Trust will hold Ether (“ETH”) and will value its Shares daily based on the reported MVIS® CryptoCompare Ethereum Benchmark Rate.

Asset manager VanEck has also filed for a Bitcoin ETF with the SEC. In the past, theirs and the rest of these petitions have been rejected by the regulator. However, the current seems different and more promising.

Gary Gensler, former MIT professor with a course on cryptocurrencies and blockchain, has been confirmed as Chairman by the U.S. Senate. His position appears to be more flexible and pragmatic than his predecessors. The regulator will evaluate VanEck’s petition and rule in favor or against it. The SEC has an extended period to issue its ruling which, in the past, has always used.

Canada’s Ethereum ETF With Record High Volume

In the meantime, there is a crypto mania for Crypto ETFs in Canada, as Senior ETF Analyst for Bloomberg Intelligence Erick Balchunas said. The country has approved several Bitcoin and Ethereum ETFs and their trading volume has skyrocketed in the past weeks. Balchunas said:

Canada going crazy for crypto. Thought the story would be $ETHX’s record smashing volume but no, the 3iQ Bitcoin ETF came out of nowhere to trade $200m, most in country. Likely (another) massive creation. It’s already up to $600m aum (equivalent of $16b in US lol).

Grayscale’s ETH-based investment product, the Grayscale Ethereum Trust (ETHE), is the closest thing investor in the U.S. have to an ETF. Last week, this product’s volume surpassed that of the Grayscale Bitcoin Trust (GBTC), as Balchunas said.

Ethereum ETH ETHUSD
Canada’s ETH ETF with record volume. Source: Eric Balchunas – Bloomberg

This suggests ETH has been gaining attention from institutional investors. The price has responded accordingly with ETH reaching a new all-time high in the same period.

ETH trades at $3,544 with a 1.7% profit in the daily chart. In the weekly and monthly chart, ETH has a 27.6% and 78.2% profit, respectively.

Ethereum ETH ETHUSD
ETH moves sideways in the lower timeframes. Source: ETHUSD Tradingview
Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum News

Ethereum Ready To Explode To $12,000 By January, Says Tom Lee

Funstrat co-founder Tom Lee says Ethereum could be the crypto market’s near-term leader, targeting a move to $12,000 by January...

Jake Simmons 1 day ago
Ethereum Pullback Reaches Support

Ethereum Pullback Reaches Support — Will Bulls Step In to Defend Territory?

Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below...

Aayush Jindal 1 day ago
whales-boost-ethereum-targets-4500-november-bitcoin-hyper-presale-tw

巨鯨加碼以太坊價格11月目標4500美元 Bitcoin Hyper火熱預售突破2,600萬

以太坊在3400美元附近重新站穩腳步,市場焦點再次回到巨鯨的動向。自10月10日回調後,CryptoQuant 觀察到現貨平均訂單規模持續放大,這類訊號多次在過往周期中提前揭示局部底部的形成。當大額地...

Kelvin Lee 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Slips After Rebound

Ethereum Slips After Rebound, Struggling to Keep Momentum Above $3,500

Aayush Jindal 6 hours ago
Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4

Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4

Sebastian Villafuerte 6 hours ago
XRP

Abundance of Catalysts Suggests XRP Price Could Take Off This Week

Scott Matherson 11 hours ago

Premium Sponsors

Press Releases

  • Top 3 altcoinuri care pot crește după încheierea opririi guvernului

    Top 3 altcoinuri care pot crește după încheierea opririi...

    13 hours ago
  • Top 3 altcoiny, ktoré môžu rásť, keď sa skončí vládny shutdown

    Top 3 altcoiny, ktoré môžu rásť, keď sa skončí...

    14 hours ago
  • Top 3 altcoiny, ktoré môžu rásť, keď sa skončí vládny shutdown

    Top 3 altcoiny, które mogą wzrosnąć po zakończeniu...

    14 hours ago
  • Top 3 altcoiny, ktoré môžu rásť, keď sa skončí vládny shutdown

    A 3 legjobb altcoin, amely emelkedhet, miután véget ér a...

    15 hours ago
  • Топ 3 алткойна, които могат да поскъпнат след края на правителственото затваряне

    Топ 3 алткойна, които могат да...

    15 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.