The U.S. Securities and Exchange Commission (SEC) has received 12 applications for Ethereum futures exchange-traded funds (ETFs), signaling a potential integration of cryptocurrency and traditional finance. Major players like ProShares, Direxion, VanEck, Grayscale, Roundhill, and Bitwise have filed for regulatory approval. However, industry analysts remain skeptical about the chances of approval and believe that firms may withdraw their applications. Some experts suggest that combined BTC and ETH futures ETFs might have a better chance of success. Ethereum futures ETF filings come after applications for spot Bitcoin ETFs. The SEC’s decision on these ETFs could greatly impact the future of cryptocurrency investments and their broader acceptance in traditional finance.

AI Sentiment: Positive