The SEC has not yet ordered the companies to withdraw their applications unlike 2021.
Valkyrie is now in the lead and may be the first to market with a BTC-ETH ETF.
Several applications for Ether futures ETFs are expected to be approved simultaneously by the U.S SEC, according to WSJ, citing persons familiar with the subject. There has been a deluge of applications to the SEC since July, with some financial companies asking to combine futures Bitcoin and Ether strategies.
The SEC has not yet ordered the companies to withdraw their applications, unlike in 2021 when the SEC ordered the same thing to happen. According to WSJ sources, this bodes well for the fund’s rollout in the coming weeks.
At this time, regulators have not yet approved any of the sixteen ETF proposals for Ether or Bitcoin-Ethereum futures. A crypto futures ETF would not put its money directly into Bitcoin or Ethereum, but rather into futures contracts that are pegged to the value of these cryptocurrencies.
All Eyes
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