According to Bloomberg analysts, Ethereum futures ETFs may begin trading for the first time in the United States next week. On September 28, Bloomberg Intelligence analyst James Seyffart stated, “It looks like the SEC may allow a slew of Ethereum futures ETFs to debut next week.”
His comment came in response to fellow ETF analyst Eric Balchunas, who mentioned that he had heard the SEC wants to “fast-track the launch of Ethereum futures ETFs.” He added, “They want to get it approved before the government shuts down,” and noted that he had heard many applicants would update their documents by Friday afternoon so they could potentially start trading as early as next Tuesday.
The U.S. government is set to shut down at 12:01 AM ET on October 1 if Congress doesn’t agree on or fund the new fiscal year, which is expected to impact the nation’s financial regulatory agencies along with other federal agencies.
According to analysts in a note on September 27, there are 15 Ethereum futures ETFs from nine issuers currently awaiting approval.