The U.S. Securities and Exchange Commission is likely to approve multiple applications for Ether futures ETFs at the same time.
The United States Securities and Exchange Commission is likely to approve multiple applications for Ether futures exchange-traded funds at the same time, the Wall Street JournalSince July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin and Ether strategies. As of now, the SEC has not instructed the firms to withdraw their applications, a change from 2021 when firms.
At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within the decentralized network. A crypto futures ETF tracks the performance of crypto futures contracts. For example, instead of investing directly in Bitcoin or Ethereum, a crypto futures ETF invests in futures contracts that are tied to the price of these digital assets.
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