Ether Futures ETFs could all get approval at same time: Report

cointelegraph.com:

The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter. 

Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin (BTC) and Ether strategies. As of now, the SEC has not instructed the firms to withdraw their applications, a change from 2021 when firms were instructed to withdraw similar applications. This suggests that the regulator won't block the fund's launch within a few weeks, according to the WSJ sources

At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within the decentralized network. A crypto futures ETF tracks the performance of crypto futures contracts. For example, instead of investing directly in Bitcoin or Ethereum, a crypto futures ETF invests in futures contracts that are tied to the price of these digital assets.

UPDATE: Here's what the #Ethereum futures ETF filings race looks like. This is a list of all filings including withdrawn AND the 16 active filings. Notice @ValkyrieFunds' date on $BTF currently looks to be the leader absent some action from SEC -- 10/3/23 https://t.co/DgZpDVbEqO pic.twitter.com/CYEcTJnkx8

With the prospect of crypto futures approval looming, the SEC keeps receiving requests. Earlier this week, asset management firm Valkyrie filed for an Ether futures ETF in addition to a previous application combining a Bitcoin-Ether futures strategy. Valkyrie is the first in line in this race, and could