{"id":164217,"date":"2023-09-28T07:41:10","date_gmt":"2023-09-28T02:11:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/us-sec-nod-ethereum-futures-etf-before-government-shutdown-crypto-news\/"},"modified":"2023-09-28T07:41:12","modified_gmt":"2023-09-28T02:11:12","slug":"us-sec-nod-ethereum-futures-etf-before-government-shutdown-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-sec-nod-ethereum-futures-etf-before-government-shutdown-crypto-news\/","title":{"rendered":"US SEC Nod Ethereum Futures ETF Before Government Shutdown – Crypto News"},"content":{"rendered":"

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Ahead of the potential US government shutdown, the U.S. Securities and Exchange Commission (SEC) is reportedly accelerating the launch of the Exchange-Traded Funds (ETF). If things go as planned, the Valkyrie Bitcoin and Ether ETF could be launched by next week, according to Bloomberg analysts.<\/p>\n

Also Read: Franklin Templeton\u2019s Bitcoin ETF Application Gets SEC Nod<\/strong><\/a><\/p>\n

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Valkyrie Bitcoin and Ether ETF Launch<\/h2>\n

Earlier, Bloomberg analysts Eric Balchunas and James Seyffart reported that the Ethereum Futures ETFs have a 90% chance of launching in October 2023. They also predicted<\/a> that Valkyrie Bitcoin futures ETF ($BTF) is set to become the first to hold Ethereum exposure on October 3, 2023. Earlier, CoinGape reported that Valkyrie submitted a Form 497 with a plan to convert BTF into a dual Bitcoin and Ether Exchange-Traded Fund.<\/p>\n

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In a latest, analyst Balchunas stated<\/a> that in the context of the potential US government shutdown, the US SEC wants to accelerate the launch of the Ethereum futures ETFs. This could be a move targeted at finishing the job before a vast majority of the SEC staff become unavailable if the shutdown kicks in.<\/p>\n

Also Read: SEC Chair Gets Subpoena Threats; Is Gary Gensler Hiding Info on FTX?<\/strong><\/a><\/p>\n

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