Volatility Shares goals to listing its Ether Futures ETF on October 12

• Volatility Shares plans to have its Ether Futures ETF (ETHU) open to buyers on October 12. 
• The corporate listed its 2x Bitcoin-linked ETF (BITX) in July.

Whereas all eyes stay on the US Securities and Change Fee (SEC) with regard to the a number of spot Bitcoin ETF purposes earlier than it, market consultants say the primary Ethereum futures exchange-traded fund within the US is an equally large improvement.

First ETH Futures ETF for US market

Volatility Shares, one of many main ETF suppliers out there, has indicated plans to listing its Ether Technique ETF on October 12, 2023. The product will commerce beneath the ticker ETHU, providing the corporate’s first Ether-linked ETF and are available just a few months after Volatility Shares’ 2x Bitcoin-linked ETF (BITX) that launched in July.

Eric Balchunas, a senior ETF analyst at Bloomberg, says Volatility Shares’s positioning for the debut of the Ether ETF may see it beat rivals amid the race to be first to market with the extremely anticipated product.  

Though the SEC hasn’t pronounced itself on ETHU, Balchunas notes that the regulator “appears to be like to be okay” with the proposal as there hasn’t been any withdrawal. Additionally notable is the applying date, which with the 75-day approval window, means the corporate is more likely to be first to the market on October 12.

Nonetheless, the SEC might select to group the filings and Volatility Shares are in all probability “simply pushing the envelope” as they did with their BITX providing.

Nicely, there’s been no withdrawals so SEC appears to be like to be happy with them, however re the date, he did file first so he would usually exit first. however SEC might wish to group them, he is prob simply pushing the envolope like he did w BITX

— Eric Balchunas (@EricBalchunas) August 15, 2023

Stuart Barton, the CIO of Volatility Shares has indicated that the corporate is seeking to have ETHU accessible to buyers earlier than they shift focus to the more and more demanded-for spot ETF market.

The SEC has notably not accepted any spot crypto ETF for the US, and the subsequent massive resolution after a current delay for the Ark spot Bitcoin ETF, will probably be on Grayscale. With the 160-day window up on Tuesday, the expectation is that this resolution comes on Friday morning.