SEC Poised To Approve Ether-Futures ETFs, Marking A Victory For Crypto Industry

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The U.S. Securities and Exchange Commission (SEC) is set to approve Ether (CRYPTO: ETH) futures-based ETFs, Bloomberg reports. While there has not been any official confirmation from SEC, insiders hint that several might get the nod by October. This will be a major victory for firms that have long pursued such offerings. Sources reveal that the regulator won’t oppose these products, which will be grounded on futures contracts of the world’s second-largest cryptocurrency. Companies like Volatility Shares, Bitwise, Roundhill, and ProShares are among nearly a dozen that have applied to introduce …

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