Eric Balchunas, a Bloomberg ETF analyst, said through his “Because they want to complete the process prior to the U.S. government shutdown,” he said. In this regard, he added, “The SEC requested companies that applied for the launch of an Ethereum futures ETF to update related data by Friday afternoon so that the review can be completed by Monday and trading can begin on Tuesday.” Prior to this, he said, “The launch of cryptocurrency spot-based ETF is still at a standstill, but there is about a 90% chance that the Ethereum futures ETF will be launched in early October.” He added, “Valkyrie ETF will be launched first, and more than a dozen Ethereum futures ETFs will be launched.” “As ETFs are launched one after another, competition will become fiercer,” he said.
Bloomberg analyst: SEC wants to expedite approval of ETH futures ETF
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