Based

Galaxy

Bitcoin

Spot

In a report by <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">The Wall Street</a> Journal, the United States Securities and Exchange Commission (SEC) is expected to approve several requests for Ether futures exchange-traded funds (ETFs) all together simultaneously. 
<h2 id="span-style-font-weight-400-sec-has-not-asked-for-withdrawal-of-ether-futures-etfs-span">SEC has not Asked for Withdrawal of Ether Futures ETFs</h2> 
Based on WSJ publications, the confirmation that the regulatory body is not going to prevent the fund’s launch within the next few weeks is due to the fact that the SEC hasn’t asked firms that have already submitted requests for authorization to cancel their requests, unlike in 2021, when organizations were given directions to take out the same applications.&nbsp; 
<h3 id="span-style-font-weight-400-16-applications-have-been-filed-with-the-sec-span">16 Applications have been filed with the SEC</h3> 
It is noteworthy that a total of 16 <a href="https://twitter.com/JSeyff/status/1691842682346201510?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1691842682346201510%7Ctwgr%5E103a5a2d11d864ac19abd638e8fba08d8564eeb2%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fether-futures-etfs-could-get-approval-same-time" rel="noopener noreferrer nofollow">registrations</a> for Ether or Bitcoin-Ether futures ETFs have been submitted to the SEC. 
The advantage of being the first is critical in the ETF industry. In accordance to the WSJ, citing Morningstar information, the very first futures Bitcoin ETF licenced by ProShares has grown to over $1 billion since it started trading in October 2021, while a similar item which was set up a few days later from Valkyrie, an investment asset management organization, encompasses just $28 million.&nbsp; 
<h2 id="span-style-font-weight-400-valkyrie-filed-for-a-ether-futures-etf-span">Valkyrie Filed for a Ether Futures ETF</h2> 
TheCoinRise reported, Valkyrie Investment Management filed an application with the Securities and Exchange Commission (SEC) just days ago for the listing of an Ethereum (ETH) Futures Exchange Traded Fund (ETF). 
Estimations and prominent experts have begun to speculate on the expected date of ETF clearance.&nbsp; 
<h3 id="span-style-font-weight-400-approval-of-bitcoin-spot-etf-span">Approval of Bitcoin Spot ETF</h3> 
Mike Novogratz, CEO of Galaxy Digital, a renowned crypto investing firm, has created excitement by claiming that the very first US Bitcoin Exchange Traded Fund (<a href="https://thecoinrise.com/approval-of-us-bitcoin-etf-within-reach-galaxy-digital-ceo/" rel="noopener noreferrer nofollow">ETF) could be approved by February.</a>&nbsp; The continuing dispute between <a href="https://thecoinrise.com/coinbase-supports-grayscales-lawsuit-against-sec-for-refusal-of-its-spot-bitcoin-etf/" rel="noopener noreferrer nofollow">Grayscale and the SEC</a>, on the other hand, adds another factor of suspense regarding the timing for spot Bitcoin ETF approvals in the US. Depending on the court’s verdict, the crypto environment could see an increase in ETF approvals, pushing digital asset mainstream adoption closer than expected. 
The post <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com/ether-futures-etfs-to-get-approved-simultaneously-wsj/">Ether Futures ETFs to Get Approved Simultaneously: WSJ</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Ether Futures ETFs to Get Approved Simultaneously: WSJ

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