SEC nears approval of ether futures-based ETF
The SEC is reportedly close to approving the first Ether futures - based ETFs, signaling a potential shift in stance on cryptocurrency regulations. The U.S. Securities and Exchange Commission (SEC) is nearing approval of the first exchange-traded funds (ETFs) based on Ether futures, as sources told Bloomberg. Numerous firms, including Volatility Shares, Bitwise, Roundhill, and ProShares, have submitted the required documentation, signaling readiness for ETF trading. You might also like: Valkyrie submits application for Ether futures ETF Though the details of approved investments are still unknown, insiders hint at potential approvals coming as early as October. Ether, Ethereum’s native token and the world’s second-largest digital asset after Bitcoin, is central to these discussions. Tension with Bitcoin ETF The SEC’s hesitancy towards Bitcoin-linked ETFs persists. A notable case includes Grayscale Investments’ attempt to convert its Bitcoin ...