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Surge in Cryptocurrency ETF Applications, 16 Ethereum Futures ETFs Await Approval, October is Key

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Surge in Cryptocurrency ETF Applications, 16 Ethereum Futures ETFs Await Approval, October is Key

The Ethereum Futures ETF sparked a wave of applications in early August, with the number of applications reaching 16 to date.

16 Ethereum Futures ETFs Await Approval

Bloomberg ETF analyst Eric Balchunas tweeted that ETF issuer Valkyrie has once again submitted an application for an Ethereum Futures ETF called "Valkyrie Ethereum Strategy ETF".

Currently, there are up to 16 Ethereum Futures ETFs awaiting approval from the SEC.

Another ETF analyst, James Seyffart, pointed out that if the SEC does not postpone Valkyrie's application on October 3, then the Valkyrie Bitcoin & Ether Strategy ETF BTF will become the first Ethereum Futures ETF in the United States.

Crypto ETF Developments

Volatility Shares Plans to Launch Ethereum Futures ETF on October 12

According to Eric Balchunas' tweet, Volatility Shares has announced that they will launch an Ethereum Futures ETF on October 12. This means that if Valkyrie is not rejected by the SEC as shown in the first item above, Volatility Shares will be the second institution to introduce an Ethereum Futures ETF.

Moreover, based on the chart above, Volatility Shares' approval date is significantly ahead of other institutions by several days.

Grayscale Bitcoin ETF Potentially Delayed

According to Eric Balchunas' tweet, he noted that the SEC has not yet reviewed the application for the "Grayscale Bitcoin Spot ETF" as expected by the public, and it has exceeded the common 160-day standard where the vast majority, 94%, of applications are decided within 160 days.