ETFs based on Bitcoin futures contracts were approved by the SEC in late 2017: now it seems to be the turn of those based on Ethereum futures as well, according to the latest news.
Bloomberg reports this, citing anonymous sources familiar with the situation.
News: ETFs on Ethereum and SEC approval
Just as was the case with Bitcoin, these ETFs would not be collateralized directly in ETH, but in futures contracts on the price of ETH.
Indeed, to be honest, it seems a bit strange that almost five years after the approval of Bitcoin futures ETFs, those on Ethereum futures have not yet been approved.
The thing is, with regard to Ethereum, the approval path for these ETFs has been more troubled, because apparently there is a fear that the ETH market may be manipulated.
However, as of today there does not seem to be much difference between the BTC and ETH markets anymore, so if the SEC has already approved the BTC price ETFs there seems to be no reason to believe that it could refus
We współpracy z: https://en.cryptonomist.ch/2023/08/18/news-sec-may-approve-ethereum-etfs/
