11 months ago
An impending US authorities shutdown whitethorn beryllium accelerating the motorboat of Ethereum futures ETFs, analysts suggest.
Ethereum futures exchange-traded funds (ETFs) could commencement trading for the archetypal clip successful the United States arsenic aboriginal arsenic adjacent week, according to Bloomberg analysts.
On Sept. 28, Bloomberg Intelligence expert James Seyffart said it was “looking similar the SEC is gonna fto a clump of Ethereum futures ETFs spell adjacent week potentially.”
His comments were successful effect to chap ETF expert Eric Balchunas who said helium was proceeding that the SEC wanted to “accelerate the motorboat of Ether futures ETFs.”
“They privation it disconnected their sheet earlier the shutdown,” helium said, adding that he's heard the assorted filers to update their documents by Friday day truthful they tin commencement trading arsenic aboriginal arsenic Tuesday adjacent week.
Looking similar the SEC is gonna fto a clump #Ethereum futures ETFs spell adjacent week perchance https://t.co/YoBD1d1ay8
— James Seyffart (@JSeyff) September 28, 2023The U.S. authorities is expected to unopen down astatine 12:01 americium ET connected Oct. 1 if Congress fails to hold connected oregon supply backing for the caller fiscal year, which is expected to interaction the country's fiscal regulators among different national agencies.
Neither specified their sources for this latest update connected the agelong database of crypto ETFs successful the queue.
There are 15 Ethereum futures ETFs from 9 issuers presently awaiting approval, according to the analysts successful a Sept. 27 note.
Related: Ether ETF applications flood the SEC arsenic ProShares files the 11th
The analysts gave Ethereum futures ETFs a 90% accidental of launching successful October with Valkyrie’s Bitcoin futures merchandise (BTF) poised to go the archetypal to clasp Ethereum vulnerability connected Oct. 3.
“We expect axenic Ethereum futures ETFs to commencement trading the pursuing week acknowledgment to Volatility Shares’ actions.”However, “we don’t expect each of them to launch,” said the analysts.
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