US SEC is set to Approve Ethereum Futures ETF

US SEC is set to Approve Ethereum Futures ETF
Source: CryptoPotato

Reported Bloomberg, United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures.

According to an Aug. 17 report from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block the applications of nearly twelve companies including ProShares, Volatility Shares, Bitwise and Roundhill who have filed to launch Ether futures ETFs in recent weeks.

It remains unclear which ETF applications would be approved by the SEC, however, officials indicated that several of the filings may be approved by as soon as October.

Related: Number of Ethereum Futures ETF Applications Submitted Reached 12

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