Ether Futures ETFs Likely Approved as Ether Price Surges đ
Amidst an 11% surge in Ether's price to $1,700, the US SEC is poised to greenlight the first-ever #Ethereum futures ETFs.
Anonymous sources suggest around twelve firms, including ProShares and #Bitwise , might see their ETF applications approved.
While specific approvals remain uncertain, officials hint at potential nods as early as October. ETF analyst Eric Balchunas sees this as a sign of changing regulatory perspectives.
Having received over 12 filings since July, the SEC faces a flood of Ether futures #ETF applications. The news led to an 11% ETH price rebound to $1,717 within 20 minutes, following a previous market dip.
