Options Trading for Ether ETFs: New York Stock Exchange to Include Grayscale and Bitwise Funds
The New York Stock Exchange (NYSE) has proposed the listing of options trading for Ether ETFs managed by Grayscale and Bitwise, pending approval from the Securities and Exchange Commission (SEC). This move aims to provide investors with cost-effective exposure to Ether as well as hedging instruments. A decision is expected within 21 days.
According to a filing on August 7, 2024, NYSE's proposal includes the Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETHM). The SEC has initiated public feedback on these proposed Ethereum ETFs. Analysts believe that following this introduction, Ethereum prices might follow a similar upward trend seen in Bitcoin after its own ETF launch.
VeChain News: New dApp Tools for Faster Project Development
VeChain has introduced new tools like the X-App template and React-dApp template aimed at enhancing developer engagement and making project development more efficient. Despite technological advancements, VeChain’s market value recently declined but this does not indicate a negative long-term trend.
The "Create VeChain dApp" tool offers developers two main options: an extensive React dApp template or one tailored specifically for VeBetterDAO projects. These updates reflect growing interest among developers in using VeChain's platform, signaling positive prospects for VET token values despite recent price drops reported by CoinMarketCap.
Hedera Wallet Snap Receives Major Upgrade via Hedera Consensus Service
The Hedera Wallet Snap now integrates with MetaMask, supporting key services such as Token Service and Smart Contract Service through an upgrade facilitated by the Hedera Consensus Service (HCS). This update enhances functionalities including creating topics, submitting messages, and retrieving information directly via MetaMask.
This integration provides users with decentralized verifiable records of immutable events useful across Web2/Web3 applications. Recent data shows significant user growth within the Hedera network driven by partnerships with Blade Wallet and Karate Combat, while HBAR tokens remain strong digital assets ranked as the 36th largest globally according to market capitalization metrics shared earlier this year.
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