If granted, the fund will assess 'the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.'
Despite Meta's pivot costing the social media giant billions of dollars, the company's founder and CEO, Mark Zuckerberg, remains steadfast, stating that they are not giving up on the metaverse anytime soon.
In March, the CFTC filed a lawsuit against Binance, along with its founder Changpeng Zhao and compliance officer Samuel Lim, in a U.S. court located in Illinois. The lawsuit accused the exchange of running a derivatives trading operation within the U.S.
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