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ETF Experts Confident Ethereum Futures Will Launch Next Week

2 mins
Updated by Kyle Baird
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In Brief

  • Experts predict the US Securities and Exchange Commission may approve the first Ethereum futures ETF in the US next week.
  • ETF Store President Nate Geraci suggests that if SEC approves Ethereum futures ETFs, delisting BTC futures ETFs is unlikely.
  • Despite potential government shutdown, SEC continues to delay applications for crypto ETFs, extending the review period for several issuers.
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Industry experts and analysts are confident that the US Securities and Exchange Commission will approve an Ethereum futures product in early October. If they’re right, it will be the first ETH futures ETF to be launched in the United States.

Exchange-traded fund analysts are eyeing signals that an Ethereum-based product could get the green light early next week.

Ethereum ETFs Before Shutdown? 

Bloomberg intelligence analyst James Seyffart said he was “watching for filings to indicate Ethereum futures ETFs are indeed being accelerated for launch next week,” on September 28.

“We expect a lot more filings from the SEC today as they continue to clear their desks as much as possible before the shutdown. Normalcy is out the window.”

Unless Congress can reach a deal to pass a spending bill by the end of this month, the US government faces a shutdown. This will impact all federal agencies, including the SEC. 

ETF Store President Nate Geraci commented that if SEC is allowing Ethereum futures ETFs to launch:

“You have to assume forcing closure/delisting of BTC futures ETFs is off the table.”

He added that he was fascinated to see the SEC’s response to the Grayscale court ruling. 

“Seems like the only options are to allow spot BTC ETFs or find another reason to deny [them which could be] custody”.

Earlier this week, fellow Bloomberg analyst Eric Balchunas said there was a 90% chance that Ether futures would start rolling out in early October. 

According to the pair, there are 15 Ethereum futures ETFs from nine issuers currently awaiting approval. Issuers waiting for ETH of or hybrid ETF products include Valkyrie, VanEck, ProShares, Grayscale, Volatility Shares, Bitwise, Direxion, and Roundhill.

Business as Usual

However, it has been business as usual at the SEC this week. The regulator has been busy postponing crypto ETFs and procrastinating on decisions. 

On September 28, the regulator extended the review period for BlackRock, Valkyrie, and Bitwise’s spot Bitcoin ETF applications.

Seyffart said, “We’re expecting the other three Bitcoin ETF delay orders tomorrow before the government shut down.” The remaining issuers are WisdomTree, VanEck, and Fidelity.

ETF approval queue. Source: X/@JSeyff
ETF approval queue. Source: X/@JSeyff

Earlier this week, the SEC delayed its decision on the ARK 21Shares Ethereum ETF and the VanEck Ethereum ETF until the end of 2023.

Seyffart concluded,

“Everything the SEC has done this week is due to the shutdown.”

Top crypto platforms in the US | March 2024

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Martin Young
Martin Young is a seasoned cryptocurrency journalist and editor with over 7 years of experience covering the latest news and trends in the digital asset space. He is passionate about making complex blockchain, fintech, and macroeconomics concepts understandable for mainstream audiences.   Martin has been featured in top finance, technology, and crypto publications including BeInCrypto, CoinTelegraph, NewsBTC, FX Empire, and Asia Times. His articles provide an in-depth analysis of...
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