Could Ethereum Futures ETFs Launch Next Week?
According to Bloomberg analysts, there is a possibility that Ethereum futures exchange-traded funds (ETFs) could start trading in the United States as early as next week. The US Securities and Exchange Commission (SEC) recently delayed decisions on Ark Invest and VanEck’s applications for Ethereum spot ETFs.
Analyst Eric Balchunas tweeted that he has heard that the SEC wants to accelerate the launch of Ether futures ETFs before a potential government shutdown. In anticipation of this scenario, various Ethereum futures ETF applicants have been asked to update their documents by Friday afternoon to potentially commence trading on October 3.
Bloomberg analyst James Seyffart responded to Balchunas’ revelation, stating that it seems likely that “the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” There are currently 15 ETH futures ETFs from at least nine issuers awaiting SEC approval.
Spot Ethereum ETFs Face Delays
Prior to this update, the SEC had extended the deadlines for ARK 21Shares and VanEck’s applications for Ethereum spot ETFs. The commission stated that it needed more time to consider the proposed rule changes for these listings. The new deadline for a decision or further delay on the Ethereum spot ETFs is set for December 25 and December 26.
The approval of an ETH spot ETF is highly anticipated as it could have a positive impact on the price of Ethereum, which has been struggling recently. As of now, Ether is valued at $1,617 with a 1.6% price increase in the past 24 hours.
Hot Take: Potential Launch of Ethereum Futures ETFs
The launch of Ethereum futures exchange-traded funds (ETFs) in the United States could be just around the corner. Bloomberg analysts have suggested that these ETFs may start trading as early as next week, with the SEC potentially accelerating their approval process. This comes after the SEC delayed decisions on Ethereum spot ETF applications from Ark Invest and VanEck.
While there is no official confirmation or sources provided for this development, it indicates a growing interest in bringing Ethereum exposure to the ETF market. The launch of Ethereum futures ETFs could provide investors with an alternative way to gain exposure to the cryptocurrency and potentially contribute to its price growth.
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