SEC Flooded with 12 Ethereum ETF Applications: Here’s What You Need to Know

Summary

• In the last week, the U.S. Securities and Exchange Commission (SEC) has received 12 Ethereum exchange-traded fund (ETF) applications.
• The applications have come from asset managers such as Bitwise, Volatility Shares, Grayscale and Proshares, some of which have multiple filings.
• The flurry of Ethereum-related ETF applications is driven by asset managers’ interests in Ethereum futures ETFs.

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SEC Receives 12 Ethereum ETF Applications

In the last week, the U.S. Securities and Exchange Commission (SEC) has received a total of 12 Ethereum exchange-traded fund (ETF) applications. The influx of applications came from asset management firms such as Bitwise, Volatility Shares, Grayscale and Proshares – some with multiple filings. These firms are gearing up to launch their own version of an Ethereum-based ETF offering investors exposure to ETH without needing to purchase it directly from exchanges or other platforms.

Genesis Global Capital Probed by New York Attorney GeneralAsset Managers Pivot Interests Towards Ethereum Futures ETFs Conclusion
It appears that asset manager interest in ETH futures ETFs is driving this surge in new Ethereum-related ETF applications submitted to the SEC over the past week. With support from leading tech giants like Apple investing heavily into AI technology, it looks like cryptocurrency could become even more popular amongst mainstream investors soon due to increased accessibility via regulated funds like these proposed ETF offerings .