Several prominent asset management firms have submitted applications to the U.S. Securities and Exchange Commission (SEC) seeking approval for Ethereum futures exchange-traded funds (ETFs). This follows the SEC’s acceptance of spot Bitcoin ETF applications, indicating a growing acceptance of cryptocurrencies in the regulatory landscape. The asset managers, including Grayscale, VanEck, and Bitwise, recognize the demand for investment products that provide exposure to Ethereum. There are currently ten ETF applications tied to Ethereum futures under consideration, and if approved, they could potentially become operational by October 12. The approval of these ETFs could shape the investment landscape and attract traditional investors to the cryptocurrency space. However, the regulatory journey for these products remains uncertain.

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