Ethereum Spot ETF Option SEC Delays Application to November Following Failed Attempt

The U.S. Securities and Exchange Commission (SEC) has recently approved the listing application for a Bitcoin futures ETF. Although it still needs approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC), many analysts are already excited about the huge potential of the digital asset derivatives market. The director of asset management firm VanEck pointed out that just the derivatives market potential of Bitcoin, the largest cryptocurrency by market capitalization, is 279 times that of traditional finance. However, Ethereum hasn’t been as smooth. According to SEC data, they will delay the listing application for an Ethereum futures ETF until November.