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<ol> 
 <li>SEC likely to approve multiple Ether futures ETF applications simultaneously, as per WSJ.</li> 
 <li>Over 16 applications for Ether or Bitcoin-Ether futures ETFs currently await regulatory nod.</li> 
 <li>Valkyrie’s BTC-ETH ETF could debut in October, emphasizing the importance of first-mover advantage.</li> 
</ol> 
<p>The <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-18-2023/card/sec-could-greenlight-ether-futures-etfs-at-same-time-4beV96JtPkjMt1LKIXHq" rel="noopener noreferrer nofollow">Wall Street Journal</a> recently reported a potential game-changer for the crypto industry. According to sources, the U.S. Securities and Exchange Commission (SEC) appears poised to approve several Ether futures exchange-traded funds (ETFs) applications concurrently. This shift in stance is evident as the SEC, inundated with applications since July, hasn’t asked firms to retract their submissions, unlike in 2021.</p> 
<p>Ether, Ethereum blockchain’s native coin, facilitates peer-to-peer transactions on this decentralized platform. Instead of direct investments in cryptocurrencies like Bitcoin or Ethereum, a crypto futures ETF invests in futures contracts linked to these digital assets’ prices.</p> 
<p>The anticipation of crypto futures approval has led to a surge in requests. Notably, Valkyrie, an asset management firm, recently applied for an Ether futures ETF. If approved, Valkyrie could potentially launch its BTC-ETH ETF as early as October. In the competitive ETF realm, being the first mover can be lucrative.&nbsp;For instance, ProShares, the pioneer in Bitcoin ETFs, accumulated assets worth $1 billion since its October 2021 launch. </p> 
<p>While the crypto community eagerly awaits the SEC’s decision on Ether futures ETFs, another significant verdict looms. The SEC is yet to rule on the approval of a spot Bitcoin ETF in the U.S., with major players like Fidelity and BlackRock in the queue.</p> 
<p>Despite the challenges and controversies, the future of Ripple, XRP, and the broader crypto industry remains promising. As regulatory clarity emerges, it paves the way for sustainable growth, fostering trust and broader acceptance in the financial world.</p> 
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<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/blackrock-urges-urgent-approval-of-bitcoin/" rel="noopener noreferrer nofollow">BlackRock Urges Urgent Approval of Bitcoin Spot ETF from SEC</a></li> 
 <li><a href="https://cryptonewsland.com/blackrock-resubmits-bitcoin-etf-application/" rel="noopener noreferrer nofollow">BlackRock Resubmits Bitcoin ETF Application with Coinbase’s Market Surveillance</a></li> 
 <li><a href="https://cryptonewsland.com/secs-etf-decision-could-propel-bitcoin-price-beyond-150k/" rel="noopener noreferrer nofollow">SEC’s ETF Decision Could Propel Bitcoin Price Beyond $150K</a></li> 
 <li><a href="https://cryptonewsland.com/cathie-wood-we-need-a-bitcoin-etf/" rel="noopener noreferrer nofollow">Cathie Wood: We Need a Bitcoin ETF</a></li> 
 <li><a href="https://cryptonewsland.com/ark-invest-leads-in-pursuit-of-spot-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">ARK Invest Leads in Pursuit of Spot Bitcoin ETF Approval, Surpassing BlackRock</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/multiple-ether-futures-etfs-on-secs-approval-horizon/">Multiple Ether Futures ETFs on SEC’s Approval Horizon</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Multiple Ether Futures ETFs on SEC’s Approval Horizon

Crypto News Land

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