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Ethereum Futures ETF May Come Before Spot Bitcoin ETF – Analyst
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Financial institutions and traditional investors in the US may be able to get exposure to ethereum (ETH) through a futures-backed exchange-traded fund (ETF) as early as the first quarter of 2022, an analyst at Bloomberg Intelligence estimated.
According to James Seyffart, this is when an ETF backed by regulated ETH futures contracts could be approved by the US Securities and Exchange Commission (SEC).
He also noted that a spot bitcoin (BTC) ETF is also possible in 2022, however, SEC approval may also take longer due to concerns about regulation in the underlying bitcoin market, per Bloomberg.
Although widely considered a superior type of ETF in the crypto community, the SEC has so far been reluctant to approve a spot-based bitcoin ETF.
Read more on cryptonews.comAbout this in other media
High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /2 years ago
Asset manager Bitwise pulls plan for a bitcoin ETF fnlondon.com /2 years ago
The new bitcoin ETF is riskier than you think — even by crypto standards fnlondon.com /2 years ago
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