Home ┬╗ US SEC expedites launch of Ethereum futures ETFs.

US SEC expedites launch of Ethereum futures ETFs.

SEC fast-tracks ETF launch ahead of potential government shutdown.

by V. Sinclair
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SEC Accelerates ETF Launch Amid Potential Government Shutdown
Amid the possibility of a US government shutdown, the US Securities and Exchange Commission (SEC) is reportedly expediting the launch of Exchange-Traded Funds (ETFs). According to Bloomberg analysts, the Valkyrie Bitcoin and Ether ETF could potentially be launched as early as next week.

 Valkyrie Bitcoin and Ether ETF Launch
Bloomberg analysts Eric Balchunas and James Seyffart have predicted a 90% chance of Ethereum Futures ETFs launching in October 2023. They also anticipate that the Valkyrie Bitcoin futures ETF ($BTF) will be the first to offer Ethereum exposure on October 3, 2023. Valkyrie had previously submitted a Form 497 outlining plans to convert BTF into a dual Bitcoin and Ether ETF.

SEC’s Acceleration and Potential Shutdown Impact
In light of a potential government shutdown, the SEC aims to expedite the launch of Ethereum futures ETFs, as revealed by analyst Eric Balchunas. The SEC’s objective is to complete the process before a significant number of staff members become unavailable in the event of a shutdown. The uncertainty surrounding the shutdown may impact the launch timeline of other ETFs, such as the Volatility Shares Ethereum futures ETF, which was originally scheduled for October 11. Additionally, Grayscale has recently submitted an application for an Ethereum Futures ETF.

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