According to BlockBeats, on May 1st, multiple companies applying to the U.S. Securities and Exchange Commission (SEC) for the issuance of Ethereum leveraged futures ETFs have reported 'positive dialogue' with SEC staff. One of these companies expressed optimism about the SEC approving these funds based on their communications so far. If the SEC does not veto the proposal, Volatility Shares' 2x leveraged Ethereum strategy ETF (code: ETHU) will be the first to take effect on June 4th.
The company launched a Bitcoin leveraged futures ETF (BITX) in June last year, six months ahead of the SEC's approval of a spot Bitcoin ETF. According to Forbes, this fund has become the largest holder of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME).
If the SEC allows the listing of Ethereum leveraged futures ETFs, it will add another interesting layer to the rumors of the 'SEC recognizing Ethereum as a security'. This is because they will essentially be doubling down, allowing both Ethereum futures and leveraged Ethereum futures products to exist.
