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Six Asset Managers File Fresh SEC Applications to Launch Ethereum Futures ETFs in the US

Six leading asset management firms have submitted new applications to the US Securities and Exchange Commission (SEC) seeking permission to introduce Ethereum (ETH) futures-based exchange-traded funds (ETFs). This move follows closely on the heels of the SEC greenlighting several spot Bitcoin (BTC) ETF applications within a single week.

Grayscale, VanEck, Bitwise, Volatility Shares, ProShares, and Round Hill Capital have each presented their individual proposals to the SEC, aiming to offer Ether futures ETFs to American investors.

On July 28, Volatility Shares Ether Strategy ETF took the lead, submitting their application with a plan to allocate funds in cash-settled ETH futures contracts traded on the Chicago Mercantile Exchange (CME). Notably, just last month, Volatility’s 2xBTC Strategy ETF (BITX) had the distinction of becoming the nation’s first leveraged crypto ETF. This said fund, however, does not involve direct investments in Ether.

An insider, speaking to CoinDesk, noted that while there have been a total of 10 Ethereum futures-related ETF applications submitted, none have yet received approval.

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