{"id":23201,"date":"2023-09-30T22:28:10","date_gmt":"2023-09-30T22:28:10","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/ether-futures-etfs-launching-sbf-trial-to-begin-and-3acs-su-zhu-arrested-hodlers-digest-sept-24-30\/"},"modified":"2023-09-30T22:28:15","modified_gmt":"2023-09-30T22:28:15","slug":"ether-futures-etfs-launching-sbf-trial-to-begin-and-3acs-su-zhu-arrested-hodlers-digest-sept-24-30","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/ether-futures-etfs-launching-sbf-trial-to-begin-and-3acs-su-zhu-arrested-hodlers-digest-sept-24-30\/","title":{"rendered":"Ether futures ETFs launching, SBF trial to begin and 3AC\u2019s Su Zhu arrested: Hodler\u2019s Digest, Sept. 24-30"},"content":{"rendered":"
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Top Stories This Week<\/strong><\/h2>\n
Ethereum futures ETFs to start trading next week<\/strong><\/h2>\n
Investment firm Valkyrie will start offering exposure to Ether futures in the coming days. On Sept. 28, the firm told Cointelegraph that its Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin futures \u201cunder one wrapper,\u201d making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission. Starting Oct. 3, the fund\u2019s name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the Chicago Board Options Exchange in the coming days. Analysts suggested that a potential U.S. government shutdown might have accelerated the launch of Ether futures ETFs.<\/p>\n
SBF trial dates revealed: FTX founder to stand trial over 6 weeks<\/strong><\/h2>\n
Former FTX CEO Sam \u201cSBF\u201d Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The first official date of the Bankman-Fried trial is Oct. 4, where the participants will begin discussing seven fraud charges laid against SBF. There are two substantive charges where the prosecution must convince a jury that Bankman-Fried committed the crime. Five other \u201cconspiracy\u201d charges involve the prosecution convincing a jury that Bankman-Fried planned to commit the crimes. The former FTX CEO has been serving pre-trial detention at the Brooklyn Metropolitan Detention Center since Aug. 11. If considered guilty of fraud, Bankman-Fried is likely to spend the rest of his life in prison, legal specialists explained to Cointelegraph.<\/p>\n
3AC\u2019s Su Zhu arrested in Singapore<\/strong><\/h2>\n
Co-founder of Three Arrows Capital (3AC) Su Zhu was detained at Changi Airport in Singapore while trying to leave. Teneo, the joint liquidator of the now-bankrupt hedge fund, told Cointelegraph that Zhu\u2019s arrest followed a committal order from the Singapore Courts, which is a directive used to imprison someone for contempt of court. On Sept. 25, Teneo secured this committal order, alleging that Zhu didn\u2019t comply with a court order. His arrest is part of an ongoing investigation to retrieve funds for 3AC\u2019s creditors. The $10 billion hedge fund crashed in 2022 due to the collapse of the Terra ecosystem. A similar committal order was granted against Kyle Davies, also co-founder of 3AC. His whereabouts remain unknown.<\/p>\n\n