Ethereum generates a buzz in the ETF world with 3 new SEC filings

Ethereum ( ETH-USD ) has drawn a new rush of attention from the world of exchange traded funds, with firms pursuing three new ETFs focused on the popular cryptocurrency. Roundhill Investments, Direxion and Bitwise Asset Management each submitted their own prospectus with the U.S. Securities and Exchange Commission for an Ether-based Strategy ETF. The three filings included the Roundhill Ether Strategy ETF , Direxion Ether Strategy ETF and the Bitwise Ethereum Strategy ETF . All three funds aim to provide investors exposure to Ethereum by investing in Ether futures contracts. It should be noted that all three funds do not directly invest in the cryptocurrency itself and do not take direct holding of the digital asset. The three funds look to trade in a similar format to the ProShares Bitcoin Strategy ETF ( BITO ), although that ETF focuses on Bitcoin ( BTC-USD ) rather than Ethereum. At this time, none of the filings provided ticker symbols or expense ratio’s. The three filings come as Ethereum recently recaptured the $2,000 mark earlier this month. The cryptocurrency now trades near the $1,825 level and is +52.5% year-to-date. While higher on the year, Ethereum still trades lower by 62.4% from its all-time high which was seen back in November of 2021. More on the Crypto Landscape: Blockchain and crypto ETFs stumble amid Binance worries Bitcoin climbs past $28K after April CPI report shows inflation easing Y/Y Ethereum: The Frog Meme Moment