The SEC Shows Willingness to Approve Ethereum Futures ETFs

The U.S. Securities and Exchange Commission (SEC) might consider approving Ethereum Futures ETFs, following a number of recent applications. Big companies like Grayscale and VanEck have applied for these Ethereum-based exchange-traded funds. 

Previously, the SEC told various funds to stop their applications for Ethereum Futures ETFs. However, the SEC's attitude seems to have changed, showing a willingness to look into these funds.

However, even though the SEC is willing to consider these ETFs, it does not mean they will be approved. Several funds including Grayscale, Bitwise, and Roundhill tried to create their own Ethereum Futures ETFs earlier. But, the SEC asked them to withdraw their applications.

On July 28, Volatility Shares applied for its own Ethereum Strategy ETF. VanEck, ProShares, Grayscale, Bitwise, and Roundhill followed suit. A report from Blockworks suggested that the SEC was ready to consider these applications. But again, this does not mean they will be approved.

If the SEC agrees with the new applications, the Ethereum futures-based ETFs could be available within 75 days from when they applied. This means that the Volatility Shares' Ether Strategy ETF could start on October 12. This would then be followed by the launch of Grayscale, Bitwise, Roundhill, and ProShares ETFs on October 16.