Many financial companies, led by BlackRock, the world's largest asset manager, applied for a spot Bitcoin ETF in mid-June.
While spot Bitcoin ETF applications brought strong optimism to the market, there were increases in BTC and altcoins.
Now, some companies are applying for an Ethereum futures ETF after the spot ETF.
Bloomberg analyst James Seyffart said in his post on his Twitter account that there are six different Ethereum futures ETFs submitted for approval by the SEC.
At this point, six companies, including Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale, have filed with the SEC for Ethereum futures ETFs.
Volatility Shares for ETH futures ETF applied on July 28, while five companies, including Grayscale, applied on August 1.
While the first decision date for Ethereum futures ETF applications was given on October 11 for Volatility Shares; The first decision date for Bitwise, Roundhill, VanEck and Proshares applications was given as October 16.
UPDATE: @Grayscale also re-filed today. So we are at 6 #Ethereum futures ETF filings since market close on Friday. https://t.co/Jg7BccOwkM pic.twitter.com/KDllu541x7
— James Seyffart (@JSeyff) August 1, 2023
Despite the Ethereum ETF applications, the ETH price did not move as in the spot Bitcoin ETF applications.
Compensating for yesterday's withdrawal, ETH rose by only 1.2% in the last 24 hours and is at $1,855.
ETH hasn't shown much movement after surging above $2,000 in a mid-June rally fueled by spot Bitcoin ETF applications.
*This is not investment advice.
