Some Ethereum futures ETFs may reportedly launch next neek, with Valkyrie's expected to be first in line.
with the SEC to change the investment strategies of its current Valkyrie Bitcoin Strategy ETF to include exposure to ether futures contracts. Meanwhile, Seyffart and Balchunas anticipate that the first pure Ether futures-based ETF product will come from Volatility Shares, expected to become effective on Oct. 11 and launch on Oct. 12.
However, both Bloomberg ETF analysts predict that not all the 15 Ethereum futures ETFs filed by 11 applicants will launch. Apart from Valkyrie and Volatility Shares, some of the issuers includeBalchunas, in his latest update, disclosed that the SEC wanted to fast-track Ether futures ETFs launch ahead of a possible government shutdown in the United States. The shutdown could begin on Sunday, Oct. 1, if Congress fails to pass the funding legislation before the end of September.
As the SEC is reportedly making plans to green-light some Ethereum futures ETFs, all spot Bitcoin ETF applications could remain pending if the government shutdown happens. To date, the SEC has yet to give its blessings for a spot Bitcoin ETF in the United States, while it has approved BTC ETFs based on futures. Recently, four US lawmakers urged the American regulatory agency to immediately approve spot BTC ETFs, stating it made no sense for the regulator to continue to favor futures ETFs over spot products, as there was no clear difference between the two.on filings from Ark Invest and 21Shares, and Global X, with the former extended to January 2024.
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