Analysts speculate that the looming U.S. government shutdown may be hastening the introduction of Ether futures ETFs.

Bitcoin ETH

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$1,635

According to Bloomberg analysts, futures exchange-traded funds (ETFs) might begin trading for the first time in the US as early as next week.

James Seyffart, a Bloomberg Intelligence analyst, wrote in an X post on September 28 that it seems likely that the SEC would approve many Ethereum futures ETFs next week.

He made those remarks in reaction to statements made by fellow ETF analyst Eric Balchunas, who claimed that the U.S. Securities and Exchange Commission was planning to “accelerate the launch of Ether futures ETFs.”

He stated, “They want it off their plate [before] the shutdown,” adding that he has heard the different filers update their paperwork by Friday afternoon so they may begin trading as soon as possible.

If Congress cannot reach an agreement or provide funding for the new fiscal year, the U.S. government is anticipated to shut down at 12:01 a.m. ET on October 1. This is anticipated to have an effect on the nation’s financial regulators, among other federal agencies.

Neither of them provided sources for this most recent update on the lengthy list of cryptocurrency ETFs waiting to launch.

According to the analysts in a note dated September 27, there are 15 Ether futures ETFs from nine issuers currently awaiting approval.

VanEck, ProShares, Grayscale, Volatility Shares, Bitwise, Direxion, and Roundhill are among the companies that are putting forward an Ethereum futures or hybrid ETF product.

Analysts predicted that Valkyrie’s Bitcoin ETF for Ether would debut in October with a 90% chance.

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The analysts did note that “we don’t expect all of them to launch.”

Applications for ether ETFs have flooded the SEC as ProShares files its eleventh

When Cointelegraph announced in August that Ether futures ETFs would be allowed in October, ETH values at the time increased by 11%. At the time of writing, the price of ETH is just a little bit above $1,600, up 1% on the day.

However, compared to its spot-based counterparts, crypto futures products aren’t as eagerly anticipated. Since 2021, Bitcoin futures ETFs have been available in the United States.

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