{"id":4343,"date":"2023-09-29T09:48:52","date_gmt":"2023-09-29T09:48:52","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4343"},"modified":"2023-09-29T09:48:52","modified_gmt":"2023-09-29T09:48:52","slug":"sec-gave-first-futures-ethereum-etf-approval","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-gave-first-futures-ethereum-etf-approval\/","title":{"rendered":"SEC Gave the First Futures Ethereum ETF Approval"},"content":{"rendered":"

SEC gave the first futures Ethereum ETF approval! Valkyrie Investments<\/strong> became the first company to earn the right to offer Ethereum Futures ETFs in the USA.<\/p>\n

SEC<\/strong> has granted a Futures Ether ETF<\/a> approval to a company for the first time. Thus, Valkyrie Investments became the first company to offer a Futures Ethereum ETF. The SEC had granted approval to Valkyrie Investments for a Futures Bitcoin ETF in October 2021. Valkyrie plans to modify the investment strategy of the existing Bitcoin Futures ETF to also include Ethereum Futures contracts.<\/p>\n

Currently, there are 8 companies waiting for approval for their Futures Ethereum ETF applications. Among these companies are VanEck<\/strong>, Grayscale Investments<\/strong>, and Bitwise<\/strong>. With Valkyrie receiving approval, there is a possibility that approvals for other ETFs could come shortly.<\/p>\n

\n

US Republican presidential candidate and billionaire entrepreneur Vivek Ramaswamy<\/strong> announced that, if elected, he would implement his cryptocurrency policy framework and plans to publish a version of it before Thanksgiving.<\/p><\/blockquote>\n

\n

This week, the SEC has delayed the decisions on the Ethereum Spot ETFs of ARK 21Shares<\/strong> and VanEck<\/strong>. It also announced the delay of the spot Bitcoin ETF application by ARK Invest<\/strong> and Global X<\/strong>. Due to the strict stance of SEC Chairman Gary Gensler<\/strong> against cryptocurrencies, companies are struggling to get ETF approvals. Gensler<\/strong> stated in court this week that Bitcoin is not a security.<\/p>\n

\n

Valkyrie’s Chief Investment Officer Steven McClurg<\/strong> said, “We are excited to be the first to offer our investors Ethereum futures as interest in the asset has increased exponentially over the past year.”<\/p><\/blockquote>\n

\n

Valkyrie had planned to launch the Futures Ethereum ETF on October 3rd, but due to a possible government shutdown on Friday, they will release the ETF<\/strong> tomorrow. The first Futures Ethereum ETF will be listed tomorrow. Currently, the price of Ethereum is hovering around $1656.
\nSEC<\/strong> has given approval for the Futures Ethereum ETF for the first time.<\/p>\n

\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0Telegram<\/strong>\u00a0 ,<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates instantly.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SEC gave the first futures Ethereum ETF approval! Valkyrie Investments became the first company to earn the right to offer Ethereum Futures ETFs in the USA. SEC has granted a Futures Ether ETF approval to a company for the first time. Thus, Valkyrie Investments became the first company to offer a Futures Ethereum ETF. The<\/p>\n","protected":false},"author":2,"featured_media":4355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1149,1627,1000,987,1628,39,1624,1625,1626,1145],"class_list":["post-4343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitwise","tag-eth-etf","tag-ethereum-etf","tag-ethereum-etf-approved","tag-grayscale-investments","tag-sec","tag-valkyrie-investing","tag-valkyrie-investment","tag-valkyrie-investments-stock","tag-vaneck"],"yoast_head":"\nSEC Gave the First Futures Ethereum ETF Approval - Coin Engineer<\/title>\n<meta name=\"description\" content=\"SEC gave the first futures Ethereum ETF approval! 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