Ethereum Futures ETFs Poised for U.S. Launch Amid SEC Delays

Ethereum Futures ETFs Near U.S. Launch

Ethereum futures exchange-traded funds (ETFs) are on the brink of trading in the United States, possibly as soon as next week, contingent on the U.S. Securities and Exchange Commission’s (SEC) approval. This development follows the SEC's postponement of decisions on Ark Invest and VanEck's Ethereum spot ETF applications.

Urgency Before Potential Government Shutdown

The SEC is reportedly expediting the approval process for Ethereum futures ETFs. The urgency stems from a looming U.S. government shutdown that could begin if Congress does not agree on funding for the new fiscal year by October 1. Such a shutdown could disrupt non-essential federal operations, including financial regulatory activities.

Expedited Documentation for ETF Applicants

Applicants for Ethereum futures ETFs have been prompted to update their documentation promptly, potentially allowing trading to commence as early as October 3. The SEC's accelerated timeline is aimed at resolving pending ETF matters before the government closure.

High Approval Chances for October

Currently, 15 Ethereum futures ETFs from nine issuers are awaiting SEC approval. Analysts estimate a 90% chance of these ETFs starting in October. Valkyrie’s Bitcoin futures product is expected to be the first to include Ethereum exposure on October 3, with more Ethereum futures ETFs following shortly.

Continued Delays for Ether Spot ETFs

In contrast, Ether spot ETFs remain stalled. The SEC has extended the consideration period for ARK 21Shares and VanEck’s Ether spot ETF applications to late December, citing the need for further analysis. No public commentary has been received regarding these proposals.

Current Market Status

Ether was recently valued at $1,617, marking a 1.6% increase over the past day. This movement reflects market anticipation of upcoming ETF decisions and broader market dynamics.