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Multiple Ether Futures ETFs may receive simultaneous approval.

Regulatory approval is pending for a substantial number of applications, with at least 16 Ether or Bitcoin-Ether futures ETFs currently awaiting approval in the United States.

This indicates a significant interest in launching these investment products and underscores the growing demand for cryptocurrency-based ETFs in the market.

Investors are eagerly anticipating regulatory decisions that will shape the landscape of cryptocurrency investment opportunities.

SEC Expected to Simultaneously Approve Multiple Ether Futures ETFs, Sources Say

According to sources familiar with the matter(WSJ), the United States Securities and Exchange Commission (SEC) is anticipated to grant approval for multiple applications for Ether futures exchange-traded funds (ETFs) simultaneously.

This development comes as numerous investment firms have submitted applications,

some of which combine Bitcoin (BTC) and Ether strategies.

Notably, the SEC has not instructed these firms to withdraw their applications as it did in 2021,

suggesting a more favorable stance towards the launch of these funds in the coming weeks.

The Wall Street Journal’s sources indicate that the regulator is unlikely to impede the fund’s introduction.

Currently, there are at least 16 pending applications for regulatory approval of Ether or Bitcoin-Ether futures ETFs.

Ether serves as the native coin of the Ethereum blockchain, facilitating peer-to-peer transactions within the decentralized network.

Crypto futures ETFs track the performance of futures contracts linked to the price of digital assets like Bitcoin or Ethereum,

providing an alternative investment avenue for investors.

Valkyrie Files for Ether Futures ETF as SEC Faces Influx of Crypto Futures Applications

SEC Continues to Receive Crypto Futures ETF Applications as Valkyrie Files for Ether Futures ETF

The Securities and Exchange Commission (SEC) remains inundated with requests for crypto futures exchange-traded funds (ETFs) as asset management firm Valkyrie recently filed for an Ether futures ETF,

in addition to their previous application for a Bitcoin-Ether futures strategy.

Valkyrie has positioned itself as the frontrunner in this race, with their BTC-ETH ETF anticipated to debut in early October.

In the highly competitive ETF industry, being the first to market holds significant advantages.

ProShares, whose Bitcoin futures ETF was the first to gain SEC approval in October 2021, has amassed $1 billion in assets under management.

Valkyrie’s similar product, launched shortly after, has attracted nearly $28 million in assets under management, highlighting the potential for rapid growth.

Meanwhile, the SEC’s decision on approving a spot Bitcoin ETF in the United States remains pending.

Key players, including Fidelity and BlackRock, are eagerly awaiting a verdict.

The SEC is expected to deliver its final decision by January, as per the application’s timeline.

This decision will have substantial implications for the broader crypto industry and traditional financial players seeking exposure to Bitcoin through regulated investment vehicles.

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