Ethereum Futures ETFs Could Launch in the US Next Week
Bloomberg analysts say that Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week.
James Seyffart, a Bloomberg Intelligence analyst, said on Sept. 28 that it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.”
His comments were in response to fellow ETF analyst Eric Balchunas who said he was hearing that the SEC wanted to “accelerate the launch of Ether futures ETFs.”
The U.S. government is expected to shut down at 12:01 a.m. ET on Oct. 1 if Congress fails to agree on or provide funding for the new fiscal year. This could impact the country’s financial regulators among other federal agencies.
There are 15 Ethereum futures ETFs from nine issuers currently awaiting approval.
Companies proposing an Ethereum futures or hybrid ETF product include VanEck, ProShares, Grayscale, Volatility Shares, Bitwise, Direxion, and Roundhill.
Bloomberg analysts give Ethereum futures ETFs a 90% chance of launching in October.
Crypto futures products aren’t as hotly anticipated as their spot-based alternatives, but they could still cause a bump in the price of ETH if they are approved and launch next week.