SEC Maybe Approval For Groundbreaking Ether Futures ETFs Amid Industry Surge
Key Points:
- The SEC greenlights Ether futures-based ETFs, a win for eager firms.
- ProShares, Bitwise, and Roundhill seek ETF launches as the SEC’s favorable attitude prevails.
- Bitcoin futures pave the way for Ether futures ETFs, reshaping the crypto investment landscape.
The US Securities and Exchange Commission (SEC) is on the verge of permitting the introduction of the first-ever exchange-traded funds (ETFs) built upon Ether futures, marking a significant milestone for several companies that have long sought to introduce such products.
Bloomberg‘s report on August 17, drawing from undisclosed sources familiar with the situation, revealed that approximately twelve companies, including ProShares, Volatility Shares, Bitwise, and Roundhill, have recently filed applications to launch Ether futures-based ETFs.
Notably, the regulator appears inclined to greenlight these applications rather than obstruct them.
Industry insiders indicated that these prospective ETFs would rely on futures contracts tied to the second-largest cryptocurrency, Ether.
While it remains uncertain which ETF applications will secure approval, officials hinted that some filings might be endorsed as early as October.
Meanwhile, the commission remains embroiled in a contentious dispute with the crypto industry regarding its resistance to ETFs centered around Bitcoin itself.
An impactful legal case involving Grayscale Investments LLC challenges the SEC’s denial of an application to transform its Bitcoin trust into an ETF. In parallel, various entities, including BlackRock, have recently submitted applications for Bitcoin-based ETF listings.
BlackRock’s June filing temporarily boosted Bitcoin’s value above $31,000; although the cryptocurrency has hovered around $29,000 for most of July and August, it was trading near $26,000 on Thursday. Ether, however, demonstrated a positive reaction to this news, rebounding by more than 12%.
DISCLAIMER:Â The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Author
Ethereum
SEC Maybe Approval For Groundbreaking Ether Futures ETFs Amid Industry Surge
Key Points:
- The SEC greenlights Ether futures-based ETFs, a win for eager firms.
- ProShares, Bitwise, and Roundhill seek ETF launches as the SEC’s favorable attitude prevails.
- Bitcoin futures pave the way for Ether futures ETFs, reshaping the crypto investment landscape.
The US Securities and Exchange Commission (SEC) is on the verge of permitting the introduction of the first-ever exchange-traded funds (ETFs) built upon Ether futures, marking a significant milestone for several companies that have long sought to introduce such products.
Bloomberg‘s report on August 17, drawing from undisclosed sources familiar with the situation, revealed that approximately twelve companies, including ProShares, Volatility Shares, Bitwise, and Roundhill, have recently filed applications to launch Ether futures-based ETFs.
Notably, the regulator appears inclined to greenlight these applications rather than obstruct them.
Industry insiders indicated that these prospective ETFs would rely on futures contracts tied to the second-largest cryptocurrency, Ether.
While it remains uncertain which ETF applications will secure approval, officials hinted that some filings might be endorsed as early as October.
Meanwhile, the commission remains embroiled in a contentious dispute with the crypto industry regarding its resistance to ETFs centered around Bitcoin itself.
An impactful legal case involving Grayscale Investments LLC challenges the SEC’s denial of an application to transform its Bitcoin trust into an ETF. In parallel, various entities, including BlackRock, have recently submitted applications for Bitcoin-based ETF listings.
BlackRock’s June filing temporarily boosted Bitcoin’s value above $31,000; although the cryptocurrency has hovered around $29,000 for most of July and August, it was trading near $26,000 on Thursday. Ether, however, demonstrated a positive reaction to this news, rebounding by more than 12%.
DISCLAIMER:Â The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Other Posts
Related Posts
Latest
Best Coins to Buy Now: Qubetics Sells 200M Tokens to Raise Over $2.7M as Cardano and Avalanche Look to Strengthen Bullish Trend
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
Press Release
Best Coins to Buy Now: Qubetics Sells 200M Tokens to Raise Over $2.7M as Cardano and Avalanche Look to Strengthen Bullish Trend
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
