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Ether Futures ETFs May Start Trading Early Next Week: Bloomberg Analyst

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Multiple Ether ETFs may start trading next week
Multiple Ether ETFs may start trading next week

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The US Securities and Exchange Commission (SEC) may allow multiple Ether futures ETFs to start trading next week, Bloomberg Intelligence analysts said.

It’s “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially,” said analyst James Seyffart in a tweet on social media site X.

The analyst’s comment came in response to another post published by Bloomberg’s senior ETF analyst Eric Balchunas, who shared a rumour that the regulator wants to accelerate the launch of Ether futures ETFs to get it off their plate before a government shutdown.

Balchunas noted that the SEC asked ETF filers to update their documents on extremely short notice, asking them to do it by Friday afternoon. Balchunas drew attention to it, calling it a “no small task to jam into 48hrs, esp for indie issuers.”

In a different post, Balchunas noted that Bitcoin spot ETFs are still in limbo, but Ether futures are likely to roll out in early October.

Seyffart chimed in at this point, saying that the information shared by his fellow analyst suggests that “the SEC is gonna let a bunch Ethereum futures ETFs go next week potentially.”

The likelihood of Ether futures ETFs seeing approval is 90%

This is a crucial period for the US government, as it is expected to shut down at 12:01 am ET on Oct. 1 if the US Congress fails to reach an agreement on or provide funding for the new fiscal year,  CointTelegraph reported.

Meanwhile, the regulators have a long list of crypto ETFs in the queue to deal with. There are around 15 Ether futures ETFs submitted by nine issuers waiting for approval. Some of the biggest players that submitted their filings include ProShares, VanEck, Bitwise, Volatility Shares, Grayscale, Direxion, and Roundhill.

With the SEC considered more likely to be willing to approve ETH futures ETFs than spot crypto products, some analysts say it’s very likely that the regulator will approve one or more of in early October.

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