Notably, Volatility Shares has announced plans to launch an Ethereum futures ETF on Oct. 12. What's even more promising is that since its filing in July, the SEC has not requested the firm to withdraw its application, suggesting a favorable outlook.The introduction of Ethereum futures ETFs in the U.S. market could lead to an influx of institutional capital.
However, it is essential to note that while the news is promising, the actual impact on Ethereum's price will depend on various factors, including the broader market sentiment, regulatory developments and the actual launch of the ETFs. Investors should be cautious and conduct thorough research before making any investment decisions.
Source: News Formal (newsformal.com)
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