As ETH Hits New All-Time High Above $4650, Chances of Ethereum Futures ETF Improve

Bhushan Akolkar
November 3, 2021 Updated June 18, 2025
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The world’s second-largest cryptocurrency Ethereum (ETH) continues to gain strong traction in the market. Earlier today, the ETH price skyrocketed past $4650 hitting a new all-time high.

As this happens, the demand for Ethereum Futures ETF grows simultaneously. As per the latest Bloomberg Intelligence report, U.S. regulators are more likely to approve an Ethereum Futures ETF before the spot Bitcoin ETF.

As per Bloomberg analysts James Seyffart, an Ethereum futures ETF could come as soon as the first quarter of 2022. Seyffart further added that it will come before a spot Bitcoin ETF. Speaking to Bloomberg, the analyst noted:

“Most market participants agree that a spot Bitcoin ETF would be superior to existing futures ETFs, yet SEC approval of the former may be delayed until late 2022 or beyond. Though a spot Bitcoin ETF is possible in 2022, SEC approval may take longer due to concerns about regulation in the underlying Bitcoin market”.

Two Bitcoin Futures ETFs from ProShares and Valkyrie were approved by the U.S. SEC last month fueling a rally in the BTC price. There is a very high probability that institutional players could be pushing the regulators to approve an Ethereum futures ETF.

Ethereum On-chain Fundamentals Gaining Strength

After hitting a new all-time high, the Ethereum bulls aren’t going to stop anytime soon. Analysts believe that this is just the beginning of the next bull run in Ethereum. Popular crypto analyst Willy Woo notes that the building up of the Ethereum on-chain fundamentals is yet to reflect in its price.

Furthermore, over the last month, there has been a near 50% jump in the Ethereum daily active addresses. The higher activity for ETH shows strong demand for the world’s second-largest cryptocurrency.

Courtesy: Ethereum

If the U.S. SEC approves the Ethereum Futures ETH before the year-end, we can see ETH touching much higher price targets. Many analysts are already expecting ETH to touch $10K by the year-end.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.