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Report: Approval of Ether Futures ETFs Could Occur Simultaneously

Report: Approval of Ether Futures ETFs Could Occur Simultaneously

– The SEC is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) in the United States.

– Since July, the SEC has received numerous applications from investment firms for Ether and Bitcoin-Ether futures ETFs.

– Unlike in 2021, the SEC has not instructed firms to withdraw their applications, indicating a potential approval.

– At least 16 applications for Ether or Bitcoin-Ether futures ETFs are currently awaiting regulatory approval.

– Valkyrie, an asset management firm, is the first in line and could see its BTC-ETH ETF debut in early October.

– The first futures Bitcoin ETF approved by ProShares has gathered $1 billion in assets under management since October 2021.

– The SEC has yet to decide on approving a spot Bitcoin ETF, with Fidelity and BlackRock among the players waiting for approval.

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