The news of the Bitcoin Spot ETF excited the cryptocurrency market, bringing with it a significant increase in price. While the spot ETF process is just getting started, BTC futures ETFs have been trading for a while. Now, futures ETF applications for Ethereum (ETH) are on the agenda.

In the past few days, 6 major firms have submitted their application file to the SEC for the Ethereum futures fund. Within these ETFs are many funds that trade Ether, as well as Bitcoin and ETH futures contracts. It is a matter of curiosity what the SEC, which has approved the Bitcoin futures ETF, will decide for ETH.
On the other hand, Gary Gensler and the SEC, which do not directly identify Ethereum as a security, may approve these ETFs. While futures ETFs are not thought to affect the price as much as spot ETFs, all these ETFs are considered important as they offer investors the opportunity to trade cryptocurrencies in a trusted and regulated space. A possible ETF approval could therefore positively affect the ETH price. Nevertheless, it can be said that ETFs are a development that will positively affect the crypto money markets in the long run and increase the possibility of spot ETFs for other altcoins, especially ETH.
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