SEC Poised To Approve Ether-Futures ETFs, Marking A Victory For Crypto Industry
Portfolio Pulse from Benzinga Neuro
The U.S. Securities and Exchange Commission (SEC) is reportedly set to approve Ether (CRYPTO: ETH) futures-based ETFs, with several potentially getting approval by October. Companies such as Volatility Shares, Bitwise, Roundhill, and ProShares have applied to introduce these ETFs. The SEC has previously approved trading in a fund associated with Bitcoin futures contracts on the Chicago Mercantile Exchange (CME).
August 18, 2023 | 9:29 am
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POSITIVE IMPACT
Bitwise, one of the companies that have applied to introduce Ether futures-based ETFs, could see an increase in its stock price if the SEC approves its application.
If the SEC approves Bitwise's application to introduce an Ether futures-based ETF, it could attract more investors to the company, potentially driving up its stock price.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The approval of Ether futures-based ETFs by the SEC could potentially increase the demand for Ether, impacting its price.
The approval of Ether futures-based ETFs would provide a new investment vehicle for investors, potentially increasing the demand for Ether. This increased demand could drive up the price of Ether.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100