The SEC approves the first Ethereum 2x leveraged futures ETF, with multiple applicant companies stating they are "actively" in talks with regulatory agencies
ChainCatcher News, according to exclusive reports from Fox Business reporter Eleanor Terrett, several companies applying to the U.S. Securities and Exchange Commission (SEC) for the issuance of Ethereum leveraged futures ETFs have stated that they have had "positive dialogues" with SEC staff regarding their applications. One company mentioned that based on the communication so far, they are feeling "optimistic" about SEC approving these funds.
If not rejected by the SEC, Volatility Shares' 2x leveraged Ethereum strategy ETF (code: ETHU) will be effective as of June 4th. The company launched a Bitcoin leveraged futures ETF (BITX) in June last year, six months earlier than when SEC approved spot Bitcoin ETFs. According to Forbes, this fund has become the largest holder of Bitcoin futures contracts at the Chicago Mercantile Exchange (CME).
If the SEC allows Ethereum leveraged futures ETFs to be listed, it will add another interesting dimension to rumors surrounding "SEC designating Ethereum as a security," as essentially they would be doubling down while allowing both Ethereum futures and leveraged Ethereum futures products to exist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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