Ethereum Futures ETFs Could Start Trading Next Week – Bloomberg Analysis ScrgruppEn

Exchange-traded funds (ETFs) for Ethereum futures could begin trading for the first time in the United States as early as next week, according to Bloomberg analysts.

On September 28, Bloomberg Intelligence analyst James Seyphart said that “it appears that the SEC will likely let a group of Ethereum futures ETFs go next week.”

His comments were in response to fellow ETF analyst Eric Balchunas, who said he had heard that the SEC wanted to “accelerate the launch of Ethereum futures ETFs.”

“They want this to be lifted before the lockdown,” he said, adding that he had heard from various applicants to update their documents by Friday afternoon so they could start trading early Tuesday next week.

The US government is expected to shut down at 12:01 a.m. EDT on October 1 if Congress fails to approve or provide funding for the new fiscal year, which is expected to impact the country’s financial regulators among other federal agencies.

Neither identified the sources of this latest update in the long list of crypto ETFs in the queue.

There are 15 Ethereum futures ETFs from nine issuers currently awaiting approval, according to analysts in a September 27 note.

Related: ETF applications are flooding the SEC as ProShares files on the 11th

Analysts have given Ethereum futures ETFs a 90% chance of launching in October, and Valkyrie’s Bitcoin Futures (BTF) product is expected to become the first to have exposure to Ethereum on October 3rd.

“We expect Ethereum futures ETFs to begin trading the following week thanks to volatile stock action.”

However, analysts said: “We do not expect all of them to be launched.”

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