Following the recent applications for Bitcoin spot ETFs, six institutions have submitted applications with the U.S. SEC for exchange-traded funds (ETFs) based on Ethereum futures.
Six Institutions File For Ethereum Futures ETF
Following the recent applications for Bitcoin spot ETFs, six institutions have submitted applications with the U.S. Securities and Exchange Commission (SEC) for exchange-traded funds (ETFs) based on Ethereum futures.
Volatility Shares Ether Strategy ETF submitted the initial application on July 28. Other firms that submitted applications for ETFs include Grayscale Ethereum Futures ETF, ProShares Short Ether Strategy ETF, VanEck Ether Strategy ETF, Roundhill Ether Strategy ETF, and Bitwise Ethereum Strategy ETF.
Although approximately 10 applications for ETFs tracking Ethereum futures contracts have been submitted in the past, the SEC has never approved any of them.
The Ethereum futures ETFs will debut 75 days after the filing date, with Volatility Shares being the first on October 12 if the SEC does not reject the applications.
After a flurry of applications for spot-Bitcoin ETFs came into focus, especially after the largest asset manager BlackRock filed for one, the cryptocurrency sector became excited about crypto-related ETFs.
Grayscale has argued that in order to treat all applicants equally, the SEC should accept all spot Bitcoin exchange-traded fund (ETF) applications simultaneously if it does so at all.
