Ethereum

Cryptocurrency

Bitcoin

Gary

James

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<p>The odds of approval for Ethereum futures ETFs <a href="https://twitter.com/JSeyff/status/1687437656613924864" rel="noopener noreferrer nofollow">have jumped</a> to 75%, according to a recent note by ETF analysts James Seyffart and Eric Balchunas. This is the same rate they attributed to Bitcoin futures ETFs in September 2021.</p> 
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<p>Meanwhile, the number of applications for Ethereum and Bitcoin futures ETFs has increased to twelve, thanks in part to recent submissions by Bitwise, a top firm in the field of index and beta cryptocurrency funds.</p> 
<p>Cryptocurrency futures ETFs provide investors with exposure to cryptocurrency futures contracts rather than offering direct investment in the mercurial asset class.</p> 
<p>The first bitcoin-linked exchange-traded fund (ETF) from ProShares, which tracks the bitcoin futures market made its debut in October 2021. It helped to revive the Bitcoin bull run after marking a significant regulatory milestone for the cryptocurrency industry.</p> 
<p>Despite not allowing investors to buy crypto directly, this futures-based ETF could pave the way for the approval of spot ETFs in the future.</p> 
<h2 id="is-a-bitcoin-spot-etf-about-to-get-approved">Is a Bitcoin spot ETF about to get approved?&nbsp;</h2> 
<p>It is worth mentioning that Seyffart and Balchunas <a href="https://u.today/key-reasons-behind-surging-bitcoin-etf-approval-odds" rel="noopener noreferrer nofollow">have also revised</a> the approval odds for a spot Bitcoin ETF upwards to 65% from 50% a few weeks ago.</p> 
<p>The increased likelihood of Bitcoin ETF approval is influenced by SEC Chairman Gary Gensler's potentially more receptive stance and strategic moves by leading crypto investment firms like Grayscale and BlackRock</p> 
<h2 id="the-first-leveraged-bitcoin-etf">The first leveraged Bitcoin ETF&nbsp;</h2> 
<p>On a historic note, the SEC greenlighted the first leveraged Bitcoin ETF last month. This trailblazing product has attracted a tide of over $4 million in trading volume during the first day, with approximately half a million dollars worth of shares being scooped up within the first quarter of an hour.</p>

Odds of Ethereum ETF Approval Surge: Analysts

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