A race to offer Ether’s future ETFs has started among institutions as half a dozen firms file applications to the SEC.
The first one was Volatility Shares, which filed its ETH Future ETFs application to SEC on July 28. Back in June, Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) became the first leveraged crypto ETF in the US.Â
Following the confidence of Volatility Shares, five other firms also filed on 1st August including Bitwise, VanEck, Roundhill, ProShares and Grayscale. All these companies have submitted their application to the SEC within 24 hours.
If approved, the first Ether Future ETF from Volatility Shares could go live on 12th October. It could draw greater attention and exposure from intitutions to Ether (ETH) and the whole Ethereum ecosystem.
The crypto community was overwhelmed when the biggest asset manager company BlackRock filed for the first Bitcoin’s Spot ETF on June 15 and following that, numerous other fillings came forward.Â
