Seven days, 11 fund institutions apply for Ethereum futures ETF, setting off a wave of applications
Following the previous rush by major traditional financial institutions to apply for Bitcoin spot ETFs, a new wave of applications has been sparked by the proposal of an Ethereum futures ETF from fund issuer Volatility Shares.
Table of Contents
11 Funds Apply for Ethereum-Related ETFs
According to the applications submitted to the SEC, the list of applications by date is as follows:
| Application Date | Applicant | Related Ethereum ETF Application |
| July 28 | Volatility Shares | Volatility Shares Ether Strategy ETF ETHU |
| August 1 | Bitwise | Bitwise Ethereum Strategy ETF |
| August 1 | Roundhill | Roundhill Ether Strategy ETF |
| August 1 | VanEck | Ethereum Strategy ETF |
| August 1 | Proshares | Short Ether Strategy ETF |
| August 1 | Proshares | Ether Strategy ETF |
| August 1 | Grayscale | Grayscale Ethereum Futures ETF ETHG |
| August 2 | Direxion | Direxion Bitcoin Ether Strategy ETF |
| August 3 | Proshares | Proshares Bitcoin & Ether Strategy ETF |
| August 4 | Bitwise | Bitwise Bitcoin and Ether Equal Weight Strategy ETF |
| August 4 | Proshares | Proshares Bitcoin & Ether Equal Weight Strategy ETF |
| made by Abmedia |
SEC Has Not Approved Ethereum Futures ETFs
Despite Ethereum futures trading on the CME for years and being present in markets worldwide, and the SEC approving a Bitcoin futures ETF in October 2021, an Ethereum futures ETF has never been approved.
Bloomberg ETF analyst James Seyffart noted that the key lies with the fund company Volatility Shares, which successfully launched a 2x leveraged Bitcoin futures ETF BITX at the end of June.
He believes this significantly increases the likelihood of the above Ethereum futures ETFs being approved.
Recap: Did Leveraged Bitcoin Futures ETF Drive Bitcoin's Rally? Volatility Shares Says SEC Did Not Reject Application
Another ETF analyst Eric Balchunas also agrees with James Seyffart's view, suggesting that Ethereum futures ETFs are likely to launch simultaneously on October 16.
Here's a look at the seven Ether Futures ETFs that have been filed, which we think have a very good chance of getting approved, and likely all of them launching on the same day, right around Oct 16th. https://t.co/kEnXpWwNps
— Eric Balchunas (@EricBalchunas) August 2, 2023