The United States Securities and Exchange Commission (SEC) has been flooded with many applications for Ethereum (ETH) Exchange-Traded Funds (ETFs) in just one week. The applications currently stand at 12, with the latest addition coming from ProShares, a popular fund manager. 

The platform filed four applications for Ether-based ETFs, including a dual Ether and Bitcoin futures strategy ETF, an Ether Strategy ETF, and a short Ether Strategy ETF. 

Will The SEC Approve An Ethereum Futures ETF?

The recent surge in applications started on the 28th of July this year after Volatility Shares filed its application. Ever since, other asset management companies, including ProShares, Roundhill Financial,  Bitwise, Van Eck, and Grayscale Investment, have filled submissions, with some …