The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter.
Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures (BTC) and Ether strategies. As of now, the SEC has not instructed the firms to withdraw their applications, a change from 2021 when firms were instructed to withdraw similar applications. This suggests that the regulator won’t block the fund’s launch within a few weeks, according to the WSJ sources
This story originally appeared on Investing
