♢ETH Rallies After VanEck Announces Ether Futures ETF
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ETH is on the move after VanEck, a top investment manager, announced plans to launch an exchange-traded fund investing in Ether futures contracts. Investors pushed the price of ETH up 3.5% over the past 24 hours in response to the news.
Ledn, a centralized crypto lender, launched a new product offering investors access to Ether staking yields. The product is separated from the firm's lending activities, meaning stakers would be protected in the event of a Ledn bankruptcy.
Plus, a16z, the heavyweight crypto investor, is betting on IYK, a firm producing Near Field Communication (NFC) chips for physical items. The NFC chips allow connectivity between smartphones and the items, enabling new digital experiences.
✍️ In today’s newsletter:
- Ether futures ETF incoming from VanEck
- Ledn launches ETH staking yields
- IYK closes $16.8M round led by a16z
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