U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications

• The U.S. SEC has reportedly indicated an inclination to see Ethereum Futures ETFs. 
• The alteration successful the regulator’s stance comes aft aggregate applications implicit the past week. 
• TradFi and crypto giants, including Grayscale and VanEck, person filed applications for Ether Futures ETFs. 
• The securities regulator antecedently directed aggregate funds to retreat their ETH Futures ETF applications. 

The United States Securities and Exchange Commission (SEC) seems to person softened its stance connected exchange-traded funds focusing connected Ethereum futures contracts. The securities regulator is reportedly inclined to see the Ether Futures ETFs pursuing respective applications by TradFi and crypto players implicit the past week. 

Consideration of Ethereum Futures ETF Won’t Guarantee Approval

When Grayscale Investments filed an exertion with the SEC to connection the Grayscale Ethereum Futures ETF backmost successful May, chap funds including Bitwise, Roundhill Investments, and Valkyrie followed suit with their ain ETH futures-based ETFs. However, the SEC reportedly asked the funds to halt pursuing ETH futures ETFs and retreat their applications. 

On July 28, Volatility Shares submitted an exertion for its Ether Strategy ETF. The exertion was followed by akin filings from VanEck, ProShares, Grayscale, Bitwise, and Roundhill. The funds submitted applications to connection their ain versions of Ethereum Futures ETFs.

Citing 2 sources acquainted with the latest ether futures ETF filings, Blockworks reported that the SEC had “indicated its readiness to publically see specified a product.” The root added that the securities regulator’s information of the ETH futures ETFs did not warrant their approval. 

From a merchandise perspective, each the ETF issuers are astir apt reasoning it’s worthy the outgo of filing alternatively than hazard falling down successful lawsuit ETH [ETFs] instrumentality off, adjacent successful futures form,”

If the SEC takes a favorable stance connected the latest applications for Ethereum futures-based ETFs, they would spell unrecorded successful 75 days from the day of filing. This would mean that Volatility Shares’ Ether Strategy ETF could motorboat connected October 12, followed by the debut of Grayscale, Bitwise, Roundhill, and ProShares ETFs connected October 16.