After BlackRock ignited a wave of applications for "Bitcoin Spot ETF" by American institutions, there is now a wave of applications for "Ethereum Futures ETF", with 7 companies submitting applications in the past week alone.

Since Volatility Shares applied for the listing of Ethereum futures ETF on July 28, Grayscale Investments, Bitwise, Roundhill Investments, ProShares and VanEck have also submitted similar applications, and the latest company to join the ranks is to issue triple leverage and Direxion is famous for inverse ETFs.

According to statistics from Bloomberg Intelligence analyst James Seyffart, 7 companies have applied to launch 9 Ethereum futures ETFs so far. Among them, ProShares alone has submitted 3 applications, namely Ethereum futures ETF, short-selling Ethereum futures ETF, Bitcoin and Ethereum futures composite ETF.

Little inside baseball to part of this. The ETH ETFs from yesterday would go effective on 10/15 but that's a Sunday so it'll likely actually be the 16th. This Direxion fund would also theoretically have an effective date of 10/16/23 (if approved). So no delay for being late. pic.twitter.com/geBboZ1HOU

— James Seyffart (@JSeyff) August 2, 2023

Like the Bitcoin spot ETF, the U.S. Securities and Exchange Commission (SEC) has not approved the listing of any Ethereum futures ETF, but the impasse seems to have a chance to change recently.

"Blockworks" quoted people familiar with the matter as saying that the U.S. SEC has expressed its readiness to publicly consider releasing Ethereum futures ETFs, but this only means that regulatory authorities are willing to weigh such products, and there is no guarantee that they will be approved.

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