As many as seven applications for an Ethereum Futures ETF have currently been filed with the SEC. If approved, these could launch as early as this fall.

According to the experienced ETF analyst at Bloomberg, Eric Balchunas, the latest applications for an Ethereum Futures ETF have good prospects for approval by the SEC. The US stock market watchdog reportedly may approve all seven open applications at once, after which the Futures ETFs could launch as early as Oct. 16.

Here's a look at the seven Ether Futures ETFs that have been filed, which we think have a very good chance of getting approved, and likely all of them launching on the same day, right around Oct 16th. https://t.co/kEnXpWwNps
— Eric Balchunas (@EricBalchunas) August 2, 2023

The recent flood of applications for an Ethereum Futures ETF may indicate a change in the SEC's attitude. Despite the recent regulatory uncertainty in the U.S., the companies behind the ETFs seem to have found confidence. Applicants include issuers of already approved Bitcoin futures ETFs.

Volatility Shares, which recently launched a leveraged Bitcoin Futures ETF, is one of the applicants. ProShares and Bitwise were already able to list a Bitcoin Futures ETF in the U.S. two years ago. Crypto-asset manager Grayscale is also among the applicants. The company is currently still in a legal dispute with the U.S. exchange watchdog over the approval of a conventional Bitcoin ETF. A decision on this could come as soon as a few weeks from now.

In futures ETFs for Bitcoin and Ethereum, asset managers do not buy actual cryptocurrencies for their clients, but only derivatives traded on traditional exchanges.

Thus, with approval of Spot ETFs for Bitcoin, a Spot ETF for the second-largest cryptocurrency would also become possible.