According to the latest information from Bloomberg, the SEC is preparing to approve the Ethereum Futures ETF.
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SEC prepares to grant green light to #Ethereum futures ETF.
— Bitcoin Sistemi EN (@btcsistemiEN) August 17, 2023
According to Bloomberg’s report, which is based on people familiar with the matter, the SEC is unlikely to block the approval of products related to Ethereum futures contracts.
It is not yet clear which funds will receive approval. The source said several funds could receive approval by October.
About twenty companies, including Volatility Shares, Bitwise, Roundhill and ProShares, have applied to issue ETFs.
*Not investment advice.
