Six asset managers have filed for approval for Ethereum (ETH) futures exchange-traded funds (ETFs) with the U.S. Securities and Exchanges Commission (SEC). The filings by Bitwise, Roundhill, VanEck, ProShares, Grayscale, and Volatility Shares are currently being processed by the regulatory watchdog. The launch of these ETFs could revolutionize the investment world by eliminating the need for physically storing cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in digital custody, allowing wealth managers to invest in crypto more easily. This development could potentially trigger a cryptocurrency bull run. The approval of a spot Bitcoin ETF could also pave the way for other crypto-based products to be greenlighted, with major announcements expected to happen this year.
AI Sentiment: Positive