Three Ether Futures ETF Filings Hit Within Minutes in FOMO Fever

So intense is the competition in the cryptocurrency space that just a day after Grayscale Investments filed for an Ether-futures-based ETF, three rival funds are now also in the works.

Judging from when the paperwork hit the wire, Bitwise, Direxion and Roundhill filed within a few minutes of each other Wednesday night in New York for products based on futures for the second-largest digital asset. Market watchers say Grayscale’s move set off a heated race for the potential launch of just such a fund, which currently does not exist in the US.

“If you are in this market, you can’t ...