The investment landscape in the United States is on the brink of a significant evolution with the imminent approval and launch of Ethereum futures ETFs. This groundbreaking development, projected to occur as soon as the coming week, has garnered notable attention from Bloomberg analysts.
The SEC’s Accelerated Agenda
Insights from Bloomberg Intelligence reveal that the U.S. Securities and Exchange Commission (SEC) is seemingly in favor of expediting the introduction of Ethereum futures ETFs. This sentiment stems from a discourse between ETF analysts James Seyffart and Eric Balchunas.
Seyffart, on September 28, elucidated the likelihood of the SEC green-lighting a slew of Ethereum futures ETFs shortly. This assertion was a response to Balchunas, who shared his perception of the SEC’s intent to fast-track the launch of these innovative financial products.
The urgency to commence trading appears to be spurred by the looming U.S. government shutdown slated for 12:01 am ET, October 1, should Congress falter in securing funding for the upcoming fiscal year. This governmental hiatus is poised to affect numerous federal establishments, including financial regulatory bodies. The drive to expedite the launch is perceived to mitigate any adverse implications on the burgeoning Ether futures ETF segment.
A Glimpse into the Upcoming Ethereum Futures ETFs
A total of 15 Ethereum futures ETFs, proposed by nine distinct issuers, are in the pipeline, awaiting the nod from regulatory authorities. Prominent names among the proposing entities include VanEck, ProShares, Grayscale, Volatility Shares, Bitwise, Direxion, and Roundhill.
The analysts have bestowed a promising 90% likelihood of these ETFs seeing the light of day in October. Noteworthy is the anticipation around Valkyrie’s Bitcoin futures product, slated to pioneer Ether exposure on October 3. That will be followed by a host of pure Ethereum futures ETFs spearheaded by Volatility Shares in the subsequent week.
Despite the optimistic outlook, the consensus among analysts is that not all proposed Ethereum futures ETFs will launch. This selective inauguration is juxtaposed against the existing Bitcoin futures ETFs, which debuted in the U.S. in 2021. Although nascent, The crypto futures market shows a divergence in investor anticipation compared to its spot-based counterparts.