The U.S. Securities and Exchange Commission (SEC) could approve an Ethereum (ETH) futures exchange-traded fund (ETF) as early as next week, according to Bloomberg analysts. Eric Balchunas, a senior ETF analyst for Bloomberg, said the financial regulator “wants to accelerate the launch of Ether futures ETFs” before a potential government shutdown. Several filers have been asked to update their documents by Friday afternoon so they can start trading by next week, Tuesday, Oct. 3. Fellow Bloomberg analyst James Seyffart also corroborated the possibility. The SEC has 15 applications for Ethereum futures ETFs submitted by nine different issuers, including VanEck, BitWise, ProShares, Grayscale, and others. The Bloomberg analysts posit that Valkyrie’s Bitcoin Futures ETF could be the first ETF to have an Ethereum exposure by Oct. 3. Following this development, the price of ETH has surged by 1.7%, reclaiming a value above $1,600. Investors anticipating a Bitcoin (BTC) spot ETF will need to exhibit patience. The SEC has not shown intentions of approval on this front as of now. However, some lawmakers are urging the SEC to greenlight a Bitcoin spot ETF. House Representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel have penned a letter to the SEC referencing the Grayscale case.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | positive |
| Relevance Score | 10 |
| People | Wiley Nickel, Ritchie Torres, Eric Balchunas, Tom Emmer, James Seyffart, Mike Flood |
| Companies | VanEck, ProShares, U.S. Securities and Exchange Commission, BitWise, Grayscale |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
