SEC Rushes ETF Launch Amid Potential US Government Shutdown
In anticipation of the looming U.S. government shutdown , the U.S. Securities and Exchange Commission ( SEC ) is purportedly hastening the debut of Exchange-Traded Funds ( ETF ). According to insights from Bloomberg analysts, should the trajectory remain unchanged, we could witness the launch of the Valkyrie Bitcoin and Ether ETF as early as next week. Previously, Eric Balchunas and James Seyffart of Bloomberg had projected a robust 90% probability for the Ethereum Futures ETFs to roll out in October 2023. Moreover, they anticipate that the Valkyrie Bitcoin futures ETF ($BTF) will pioneer Ethereum exposure, likely on October 3, 2023. Furthermore, CoinGape had relayed that Valkyrie delineated a Form 497, outlining intentions to metamorphose BTF into a dual Bitcoin and Ether Exchange-Traded Fund. However, recent statements by analyst Balchunas suggest an intriguing twist. Given the potential government shutdown, the SEC appears keen on expediting the Ethereum futures ETFs launch. Thi