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Crypto Might See An Ethereum Futures ETF More Before Spot Bitcoin Funds

  • SEC could approve Ethereum fund as early as the first quarter
  • SEC seen being concerned about regulation in Bitcoin market
Updated on

U.S. regulators are more likely to approve an Ethereum futures-based ETF before giving the greenlight on a fund that holds Bitcoin directly, according to Bloomberg Intelligence. 

“Most market participants agree that a spot Bitcoin ETF would be superior to existing futures ETFs, yet SEC approval of the former may be delayed until late 2022 or beyond,” James Seyffart, analyst at Bloomberg Intelligence, wrote in a note Tuesday. An Ethereum futures exchange-trade fund could be approved as soon as the first quarter of next year, he estimated.