Ethereum ETF May Be Approved Before 2022

The Ethereum ETF may be approved before 2022. Bloomberg analyst James Seyffart spoke on the subject.

According to the Bloomberg Intelligence Unit, US regulators may approve an Ethereum futures ETF application before a spot Bitcoin ETF. Bloomberg analyst James Seyffart said that all experts agree that if a spot ETF is adopted, this fund will draw volume and capital from other products. On the other hand, according to Seyffart, approval of an Ethereum ETF may come before the spot ETF. While the analyst states that the approval may come in the first quarter of 2022, although it is not the best option for institutional customers due to the fact that it is a futures-based fund, there is a high probability of repeating the success of the ProShares Bitcoin ETF, which attracted $ 1.2 billion to the market in the first week after the approval. The Valkyrie fund, the second futures Bitcoin ETF accepted by the SEC, could not replicate the success of ProShares. But the numbers still prove that the overall adoption and outlook on cryptocurrencies on Wall Street is consistently positive. For an Ethereum futures-based Ethereum exchange-traded fund to be accepted by the SEC, chairman Gensler or the institution must explain that it is confident investor protection is in place. According to experts, the spot Ethereum ETF is not expected to be accepted in the near term. It is considered much more likely that the SEC will approve the spot Bitcoin ETF before the spot Ethereum ETF.