Six firms have filed applications with the U.S. Securities and Exchange Commission for exchange-traded funds based on ETH futures following the sudden rush of bitcoin spot ETFs a few weeks ago.
The first on the list is the ETF application from Volatility Shares Ether Strategy, which was filed on July 28. Volatility stocks came into the spotlight in early summer when the 2x Bitcoin Strategy (BITX) ETF became the first leveraged crypto ETF available in the US.
By August 1, other companies had also submitted applications: Bitwise Ethereum Strategy ETF, VanEck Ethereum Strategy ETF, Roundhill Ether Strategy ETF, ProShares Short Ether Strategy ETF, ProShares Ether Strategy ETF and Grayscale Ethereum Futures ETF.
Recall that the SEC has never previously approved applications for ETFs tracking Ethereum futures contracts. According to information in the media, there were at least ten similar applications earlier. If the SEC does not reject the applications this time, then the Ether ETF can be launched in 75 days from the filing date, and Volatility shares will be the first on October 12, followed by the rest.
The excitement in the market on the topic of crypto-ETFs arose after a wave of BlackRock applications filed with the SEC on June 15 of this year.