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Bloomberg's latest report on Thursday suggests that US securities regulators are on the verge of greenlighting Ethereum (ETH) futures ETFs for trading, signaling a significant development in the market.
Numerous companies have submitted requests to have these exchange-traded funds listed. These funds would encompass derivatives contracts linked to ether, as opposed to actual ether tokens. However, they are awaiting approval from the U.S. Securities and Exchange Commission. Bloomberg has suggested that this approval could be granted in the near future.
U.S. ETFs currently exist that possess crypto derivatives, specifically in the form of bitcoin futures ETFs. The sector is eagerly anticipating a decision regarding the potential approval of ETFs that directly hold bitcoin, rather than its derivatives. Major financial players on Wall Street, including BlackRock, are also in the process of developing such bitcoin-holding ETFs.
