While spot Bitcoin Exchange Traded Funds (ETFs) approval has been a matter of controversy in the United States, Ethereum Futures ETFs' might not be. T
he Securities and Exchange Commission , which has been targetting spot BTC ETFs for months now, is most likely to approve the trading of ETH ETFs in the next seven days.Ethereum Futures ETF to begin trading in October
According to Bloomberg Senior ETF analyst Eric Balchunas, the SEC is likely to go easy on Ethereum Futures ETFs and fastrack their approval. Balchunas took to X, formerly Twitter, to share the update highlighting that the ETH ETFs are most probably going to be approved by October 2, Monday and available for trading for investors by the next day - October 3, Tuesday.
Balchunas stated that the SEC wants to accelerate the launch of the ETH ETFs only in order to get them off their plate. This is surprising since when it comes to Bitcoin spot ETFs, the SEC has been attempting to hold out their approval for as long as they can. UPDATE: Hearing the SEC wants to accelerate the launch of Ether futures ETFs so they've asked the filers to update their docs by Fri pm , so they can go eff Mon and trade Tue.
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