The U.S. Securities and Exchange Commission (SEC) is set to approve the first exchange-traded funds (ETFs) based on Ethereum futures, according to a Bloomberg report on Aug. 18

The green light from the regulatory body could pave the way for several firms, including Volatility Shares, Bitwise, Roundhill, and ProShares, that have filed to launch ETFs based on ETH futures.

If approved, the approval may be seen as a ‘win’ for the crypto industry, so let’s look into the crypto ETF landscape some examine the potential impact.

The SEC has, until now, been hesitant to permit ETFs directly based on cryptocurrencies. However, this trend shifted in late 2021 when trading in a fund involving Bitcoin futures contracts started on the Chicago Mercantile Exchange. As a result, market speculation has …