{"id":553270,"date":"2023-09-28T10:00:20","date_gmt":"2023-09-28T10:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=553270"},"modified":"2024-06-11T14:29:41","modified_gmt":"2024-06-11T14:29:41","slug":"bloomberg-analysts-say-ethereum-futures-etfs-could-start-trading-soon-heres-when","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/bloomberg-analysts-say-ethereum-futures-etfs-could-start-trading-soon-heres-when\/","title":{"rendered":"Bloomberg Analysts Say Ethereum Futures ETFs Could Start Trading Soon – Here\u2019s When"},"content":{"rendered":"

According to Bloomberg analysts, Ethereum futures ETFs<\/a> (exchange-traded funds) could start trading for the first time in the United States as early as next week. This comes just a few hours after the US Securities and Exchange Commission (SEC) delayed decisions on Ark Invest and VanEck ETH spot ETF applications.<\/span><\/p>\n

Why Ethereum Futures ETFs Could Launch Next Week\u00a0<\/span><\/h2>\n

On September 28, Bloomberg Analyst Eric Balchunas said – via <\/span>a post on X<\/span><\/a> (formerly Twitter) – he was hearing that the SEC wants to accelerate the launch of Ether futures ETFs<\/a>. Balchunas stated that the commission wants it \u201coff their plate\u201d before the potential US government shutdown.\u00a0<\/span><\/p>\n

The United States government <\/span>faces a possible partial shutdown<\/span> at 12:01 a.m. ET on October 1 if Congress fails to pass spending bills for the coming fiscal year, potentially affecting most government agencies’ non-essential operations.<\/span><\/p>\n

Related Reading: Ethereum Price Faces Rejection But Bulls Are Not Out of Woods Yet<\/a><\/div>\n

The Bloomberg analyst claims that, in anticipation of this scenario, various Ethereum futures ETF applicants have been asked to update their documents by Friday afternoon in order to commence trading as early as Tuesday, the 3rd of October.\u00a0<\/span><\/p>\n

James Seyffart, another Bloomberg ETF analyst, <\/span>responded<\/span><\/a> to Balchunas\u2019 revelation, saying that it appears that \u201cthe SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.\u201d It is worth noting that neither of the analysts divulged their sources for this latest development.<\/span><\/p>\n

According to an earlier <\/span>note<\/span><\/a> from the analysts, there are 15 ETH futures ETFs from at least nine issuers awaiting the SEC\u2019s approval. In their analysis, Balchunas and Seyffart put forward a 90% chance of Ethereum futures ETFs launching in early October.<\/span><\/p>\n

The note read:<\/span><\/p>\n

Ethereum futures ETFs have a 90% chance of launching in October, we believe, with Valkyrie’s Bitcoin futures ETF (BTF) poised to become the first to hold Ethereum exposure on Oct. 3 after a strategy change. We expect pure Ethereum futures ETFs to start trading the following week thanks to Volatility Shares” actions.<\/span><\/p><\/blockquote>\n

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While spot remains in limbo, Ether futures ETFs highly likely (90% odds) to start rolling out in early Oct. Valkyrie first (albeit with a btc + eth ETF) followed by dozen+ straight ether futures ETFs. Gonna be a wild race albeit w\/ much lower stakes than spot via @JSeyff<\/a> pic.twitter.com\/no8kP5DTZt<\/a><\/p>\n

— Eric Balchunas (@EricBalchunas) September 27, 2023<\/a><\/p><\/blockquote>\n