The companies that filed for an Ethereum etf include Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale. This is not a spot ETF filing, but a derivatives/futures one.
The proposed ETF would give investors exposure to digital assets through tracking the cryptocurrency’s futures contracts.While the SEC has allowed bitcoin futures ETFs, the regulatory body has not approved any ETF applications that track ether futures contracts. According to CFTC head Ethereum, which is the second biggest cryptocurrency after bitcoin, is a commodity.
So following in BTCs footsteps and having that one being passed, the likelihood of an ETH futures eth passing is pretty high imo.
Source: https://twitter.com/EricBalchunas/status/1686510111123030016?t=SA9kCkzrTSyryrftaMVCwA&s=19
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