The United States Securities and Exchange Commission (SEC) may approve the foremost Ethereum futures exchange-traded funds (ETFs). This news comes amid the rising interests of several financial giants that have filed applications with the US SEC to deploy ETF products based on cryptocurrencies, such as BTC and ETH.
Big Victory For Crypto: SEC To Greenlight Ethereum ETFs
A Bloomberg report disclosed that the SEC is showing a possible green light to approve an ETH futures ETF for institutional investors in the country. This approval could create a way for other companies, such as Bitwise, ProShares, Volatility Shares, and Roundhill, that have submitted applications to provide ETH futures ETFs.
The SEC has hesitated to approve cryptocurrency ETFs until late 2021. The commission allowed trading in funds related to Bitcoin futures contracts on the Chicago Mercantile Exchange.
Since then, there has been increasing speculation…
