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 <p>The US Securities and Exchange Commission (SEC) is expected to approve the creation of an Ethereum Futures ETF by October of this year. Indeed, there are currently almost 12 applications that have been submitted. Subsequently, a positive decision could arrive in just a few months.&nbsp;</p> 
 <p>Bloomberg reported that the decision would be imminent and would undoubtedly have a positive effect on the market. Specifically, the report noted that the regulator is expected to deny the applications of nearly a dozen companies. Among them are ProShares, Bitwise, and Valkyrie.&nbsp;</p> 
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  <figcaption class="wp-element-caption">
    Source: CoinLive 
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 <p><strong>Also Read: Valkyrie Files for an Ether Futures ETF with SEC </strong></p> 
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 <h2 class="wp-block-heading" id="h-ethereum-futures-etf-approval-expected-by-sec">Ethereum Futures ETF Approval Expected by SEC</h2> 
 <p>The rise of exchange-traded funds in the digital asset space in the past few months has been a notable development. Spot Bitcoin ETF applications have seemingly run rampant among a host of companies. Among them are traditional finance entities as well as digital asset firms.&nbsp;</p> 
 <p>Now, the SEC is expected to approve the creation of an Ethereum Futures ETF by the month of October. Therefore, Bloomberg reports that the presence of such an offering is set to occur within the next several months. Providing a point of optimism for the overall market.&nbsp;</p> 
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  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="The SEC is reportedly expected to approve the creation of an Ethereum Futures ETF by October, with almost a dozen applications submitted" class="wp-image-94328 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 1536w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp.webp 1600w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1024w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 300w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 768w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1536w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 380w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 550w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 800w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1160w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1600w" data-eio="j"> 
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   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp" alt="The SEC is reportedly expected to approve the creation of an Ethereum Futures ETF by October, with almost a dozen applications submitted" class="wp-image-94328" srcset="https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1024w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 300w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 768w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1536w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 380w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 550w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 800w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1160w, https://cdn.thebittimes.com/images/2023/08/19/3fd5dfe60cfcb4001874da1a0c41932d.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Forbes 
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 <p><strong>Also Read: Europe Launches First Spot Bitcoin ETF </strong></p> 
 <p>The report noted that there are currently around 12 companies that have filed applications for Ethereum Futures ETF offerings. Moreover, firms like ProShares, Valyrie, and Volatility Shares are all included among them. Additionally, this kind of ETF would observe the price of Ethereum futures being traded on the Chicago Mercantile Exchange.</p> 
 <p>The report does not specify which company could see their application approved. Yet, they have affirmed the potential timeline for when they could receive approval. The development would undeniably be a massive victory for the companies that are bringing the product offering to the public. As well as the <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>ond-largest cryptocurrency on the planet.&nbsp;</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>ethereum</li> 
  <li>ETHEREUM ETF</li> 
  <li>sec</li> 
 </ul> 
</div>

SEC Approval of Ethereum Futures ETF Expected in October

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