Ethereum Futures Given The Nod By The SEC
The United States Securities and Exchange Commission (SEC) is reportedly on the verge of granting approval to the first Ethereum Futures-based exchange-traded funds (ETF).
The SEC Is Unlikely To Prevent The Products
An Aug. 17 report, citing anonymous sources familiar with the matter, discloses that several firms could receive approval by October.
However, it remains uncertain which firms will receive the approval.
“It couldn’t immediately be determined which funds would get green lights. Officials have indicated that several might by October, said one of the people, who asked not to be identified discussing information that hasn’t been made public.”
On Aug 2, a report stated that regulatory approval is pending for six Ether-Futures filings.
The companies seeking approval include Ether Strategy ETF, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, ProShares Short Ether Strategy ETF and the Grayscale Ethereum Futures ETF.
This news comes amidst a standstill with Bitcoin ETFs. Several firms are eagerly waiting the SEC’s response regarding the decision on ETFs directly linked to Bitcoin.
This is a developing story and will be updated as more information comes to light.
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