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Report: Approval of Ether Futures ETFs May Occur Simultaneously

Report: Approval of Ether Futures ETFs May Occur Simultaneously

– The SEC is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) in the United States.

– Since July, the SEC has received numerous applications for Ether and Bitcoin-Ether futures ETFs.

– The SEC has not instructed firms to withdraw their applications, indicating a potential approval of the funds.

– At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval.

– Valkyrie is the first in line to debut an Ether futures ETF, with a potential launch in early October.

– The first futures Bitcoin ETF approved by ProShares has gathered $1 billion in assets under management since October 2021.

– The SEC has yet to decide on the approval of a spot Bitcoin ETF, with major players like Fidelity and BlackRock waiting for a verdict.

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