SEC Very Close to Ethereum ETF Approval: Bloomberg Analyst Marks the Date!

Bloomberg ETF analysts James Seyffart and Eric Balchunas predicted that Ethereum (ETH) exchange-traded fund (ETF) futures could launch next week.

It has been suggested that the approval of the futures Ethereum ETF may accelerate while the government shutdown is on the agenda in the USA due to the financial crisis. Bloomberg ETF Analyst Eric Balchunas 27 September on social media on the day in sharing There is a strong possibility of a government shutdown and that It could happen next week While implying that futures Ethereum ETFs also Tuesday, October 3 He stated that it could be released on the day.

Analyst approves first futures Ethereum ETF application Valkyrie He suggested that there would be a forward Ethereum application made by . He then emphasized that other futures Ethereum ETF applications will also be approved.

Analyst drawing out a possible chronology for futures Ethereum ETFs, filing documents Friday, September 29 can be put into the system in its current form and future Tuesday He argued that market operations could start on the day.

The analyst expects this futures Ethereum ETF approval to happen in October. 90% He recognized a serious possibility like this:

We think there is a 90% chance that futures Ethereum ETFs will be approved in October. Valkyrie is set to become the first company to be exposed to Ethereum on October 3 following the strategy change. We expect the pure Ethereum futures ETF to begin trading the following week, driven by Volatility Shares.

Another Bloomberg ETF analyst James Seyffart The following statements support Balchunas’ view: shared:

It looks like the US Securities and Exchange Commission (SEC) will potentially allow the selling of a bunch of Ethereum futures ETFs next week.

Among the companies in line for a futures Ethereum ETF VanEck, ProShares, Grayscale, Volatility shares, Bitwise, Direxion And round hill It is located. Although there are Bitcoin futures ETF applications that the SEC currently accepts, it is difficult to accept such an application specifically for Ethereum. a first will be recorded as.

If Congress cannot reach an agreement on a budget bill that will fund the federal government, the US government On October 1 There is a possibility of closure.

source site-10