Ethereum

United

Bitcoin

Nice

<div class="sg-post-des">
 The United States Securities and Exchange Commission isn't likely to block the debut of Ethereum futures ETFs, according to sources. 
</div> 
<div class="cointelegraph"> 
 The price of Ether (ETH) surged around 11% to $1,700 following news that the&nbsp;United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. 
 According to an Aug. 17 <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block the applications of nearly twelve companies, including ProShares, Volatility Shares, Bitwise and Roundhill, that have filed to launch Ether (ETH) futures ETFs in recent weeks. 
 <blockquote class="twitter-tweet"> 
 Breaking The SEC is expected to green light an ETH futures ETF The beginning of something potentially massive here… pic.twitter.com/x9KtOpCqei— Bankless (@BanklessHQ) August 17, 2023 
 </blockquote> 
 It remains unclear which ETF applications would be <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a>d by the SEC; however, officials indicated that several of the filings may be <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a>d by as soon as October. 
 ETF analyst Eric Balchunas said he wasn't surprised by the SEC's move to <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a> Ether futures ETFs, adding that the decision shows how the regulator's views on different products, such as a spot Bitcoin ETF can change over time. 
 <blockquote class="twitter-tweet"> 
 This not surprising to us, we had said they would <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a> Ether Futures early on in race. Nice to be validated. Now what does it mean for spot? Hard to say beyond it shows that their views/policy/tolerance can change. https://t.co/JXCxNUpj2U— Eric Balchunas (@EricBalchunas) August 17, 2023 
 </blockquote> 
 The SEC has been inundated with applications for Ether futures ETFs, with more than 12 filings for such products being submitted to the regulator since late July.&nbsp; 
 Related:&nbsp;Donald Trump’s Ethereum wallet holds $2.8M, new statement shows 
 The news pushed ETH's price back up 11% to $1,717 just 20 minutes after the market took a tumble two hours earlier. 
 <figure> 
 <img src="https://s3.cointelegraph.com/uploads/2023-08/30f6f233-f04f-430e-91ab-7a52a44e4d99.png"> 
 <figcaption style="text-align: center;"> The price of Ether jumped 11% following the news that the SEC would approve Ether futures ETFs. Source: TradingView 
 </figcaption> 
 </figure> 
 Big Questions:&nbsp;Did the NSA create Bitcoin? 
 <template data-name="subscription_form" data-type="crypto_biz"></template> 
</div>

Ethereum surges 11% after report SEC is set to approve Futures ETF

TheBitTimes

Other articles published on Aug 18, 2023

Bitcoin Crash: SpaceX Sold $375 Million Holdings

Oduwa Chain Marks 5-year Anniversary With Updated Software Protocol

BTC May Drop Below $26K as Whale Activity Continues: Report

Pro-XRP Lawyer Explains What Will Happen if Ripple Decides to Appeal the Ruling on Institutional ...

Bitcoin price briefly dips below $26K, falling to two-month lows

"Yuse in the News: A Revolution in Cryptocurrency Accessibility and Functionality"

Join our free newsletter for daily crypto updates!