🧵 1️⃣ SEC plans to approve Ethereum futures ETFs by October, allowing about 12 companies, including ProShares and Bitwise, to launch such funds. #crypto
🧵 1️⃣ SEC plans to approve Ethereum futures ETFs by October, allowing about 12 companies, including ProShares and Bitwise, to launch such funds. #crypto
🧵 2️⃣ The ETFs will track Ethereum futures traded on the Chicago Mercantile Exchange, providing exposure to the asset's price movements.
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🧵 3️⃣ Some applications could receive approval as early as October, though specific details on approved ETFs are still unclear.
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🧵 4️⃣ SEC's expected move follows recent approval of Bitcoin futures funds, showing a shift in the regulator's approach to crypto.
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🧵 5️⃣ ETF analyst validates SEC's move, highlighting the potential impact on spot crypto market and the regulator's evolving stance.
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🧵 Read more at: https://decrypt.co/152903/sec-expected-to-approve-ethereum-futures-etfs-by-october-report
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