At least six asset managers, including Grayscale, have submitted an Ethereum (ETH) futures exchange-traded fund (ETF) filing application with the U.S. Securities and Exchange Commission (SEC).

The applications are coming in less than two months after the financial regulator received an avalanche of Spot Bitcoin (BTC) ETF applications from several traditional financial institutions, including BlackRock.

The Ethereum ETF applications

Volatility Shares triggered the wave of applications on July 28 with its submission. This was followed by other firms, including Bitwise, ProShares, VanEck, Roundhill, and Grayscale, which filed their applications on Aug. 1.

Most of the firms applied for a simple Futures derivatives ETF, while ProShares opted for an inverse/short ETF.

Proshares is focusing …