In the United States, the SEC has not yet approved any ETH ETFs. If approved, these ETH ETFs might be available as soon as October. It should be noted that this latest batch of ETH ETF filings differs from the recent bitcoin ETF proposals from Blackrock and others in that those potential bitcoin ETFs are backed by spot bitcoin rather than futures contracts.

These applications follow recent applications from a number of conventional asset management firms seeking to develop Bitcoin ETFs. BlackRock, the world’s largest asset manager, is among those considering offering the country’s first Bitcoin BTC ETFs.

Volatility Shares also stated that it intends to launch an Ether futures ETF, with assets invested in cash-settled contracts referencing ETH trading on the Chicago Mercantile Exchange. It should be highlighted that the fund will not directly invest in Ether.