The U.S. Securities and Exchange Commission (SEC) is reportedly set to greenlight Ethereum futures exchange-traded funds (ETFs) in the coming months.

According to a Bloomberg report, which cites anonymous sources familiar with the matter, the regulator is not expected to block the applications of around twelve companies, including ProShares, Volatility Shares, Bitwise, and Valkyrie, that have recently applied to launch Ethereum futures ETFs.

Such an ETF would track the price of Ethereum futures that are traded on the Chicago Mercantile Exchange, rather than direct spot exposure to the digital asset.

While it is not clear which specific ETF applications will be approved, officials have reportedly indicated that some of the filings could receive approval as early as October.

The SEC and Valkyrie declined to comment. ProShares confirmed with Decrypt their application submission, adding that “we are in the quiet period and due to Securities and Exchange Commission (SEC) regulations are not allowed to discuss products currently in the registration period with the SEC.”

BitWise and Volatility Shares did not immediately respond to Decrypt‘s request for comment.

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Author: Andrew Asmakov

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