News

Volatility Shares Ether Futures ETF Target October 12 Launch, Will ETF Price Rally?

Volatility Shares is pushing the envelope for the SEC to approve its Ether Strategy ETF proposal just like it did for the Bitcoin last month.
Published by
Volatility Shares Ether Futures ETF Target October 12 Launch, Will ETF Price Rally?

Eric Balchunas, the senior ETF strategist at Bloomberg has reported that Volatility Shares is all set to launch the Ether Strategy ETF (Ticker: ETHU) two months from now on October 12, 2023. This will make ETHU the first ETF to offer Ether-linked exposure to institutional clients in the United States.

Stuart Barton, the CIO of Volatility Shares noted: “Volatility Shares successfully launched the first 2x Bitcoin-linked ETF (BITX) in July and believes that ETHU is the next logical step before turning our forces to spot markets”.

Note that Volatility Shares still need to get a nod from US Securities and Exchange Commission on their submitted application. But Eric Balchuinas believes that the chances of approval could be high. He noted:

“Well, there’s been no withdrawals so SEC looks to be ok with them, but re the date, he did file first so he would normally go out first. but SEC may want to group them, he’s prob just pushing the envolope like he did w BITX”.

Volatility Shares filed for its Ether Strategy ETF last month on July 28. Considering the 75 days timeline for the approval, it could come around October 12.

Race for Ether Futures ETFs

Some of the top financial institutions have joined the race for the Ether Futures ETFs. A total of six entities have filed an application with the US SEC which includes names such as Bitwise, VanEck, Roubhill, ProShares, and Grayscale. So far, the SEC hasn’t approved any Ether Futures ETF in the market.

Furthermore, Bitwise has also revised its application for Bitcoin Strategy Optimum Roll ETF into Bitcoin and Ether Equal Weight Strategy ETF. This highlights the growing demand for Ethereum Futures ETFs in the market.

Earlier this month, Bloomberg ETF strategist Eric Balchunas noted that there are higher chances of Ethereum Futures ETFs coming before a spot Bitcoin ETF.

Bloomberg analysts have raised the likelihood of the US SEC granting approval for a spot Bitcoin ETF this year from 50% a few weeks ago to 65%. However, they estimate the probability of an Ethereum ETF approval at 75%. Balchunas, on the other hand, holds a strong belief in a 95% chance of approval for Ether futures.

Advertisement

Share
Bhushan Akolkar

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.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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.

Recent Posts

  • News

Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple

Senate Democrats and Republican lawmakers have ended separate roundtable meetings focused on the Crypto Market…

October 23, 2025
  • News

How the Crypto Market Could React to the Next Fed Meeting on October 29?

The crypto market has, for a while now, been pricing a potential 25 basis points…

October 23, 2025
  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025