Just a few minutes ago the SEC Delayed ARK 21Shares Ethereum Spot ETF Decision.

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https://preview.redd.it/i132kudmuuqb1.png?649&format=png&auto=webp&s=1059f4d02ab81e7d7854bd15d560ef09ef4d1a74

then right after, VanEck Ethereum ETF was also proposed

https://preview.redd.it/rldic10puuqb1.png?462&format=png&auto=webp&s=0e3645d4659aa4b5cec1a717b93ef1c4be70e94b

Franklin Bitcoin ETF was just filed a few days ago. Here's also a very nice list of all BTC & ETH ETFs and more Data about them :

https://preview.redd.it/6puqrnwsuuqb1.png?1033&format=png&auto=webp&s=37696c8cc6b71cb56f479adb2df3398e72e7eca6

What's odd about the ARK delay is that it wasn't due for a decision until early November.

Additionally, hashdex BTC ETF filing has been posted today on the SEC site

https://preview.redd.it/ybnxibq7vuqb1.png?768&format=png&auto=webp&s=30dcbc66fef186903779c166a56df914867c7475

Same as SEC acknowledged the listing of CBOE & Franklin's filing

https://preview.redd.it/04wkcumevuqb1.png?757&format=png&auto=webp&s=2c4ca4483b0269694346bd8a6a5284be1611b7f2

This happened today and was very odd. Both were expected to be acknowledged early october. I assume it has something to do with the potential government shut down that got this pushed out earlier.

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Positive news

Chances are very high ( 90%+ ) that we will see ETH futures ETFs rolling out early october. Valkyrie will most likely be the first but dozens might actually follow right after

https://preview.redd.it/xdo2za61wuqb1.png?832&format=png&auto=webp&s=568f218c83bca621e59d4e83e0ce871db71899fe

Spot ETF... Future ETF... what's the difference? ELI5!

Very short and quickly summarized, future ETF are most of the time contracts that expire and are also investment instruments to speculate on the future price of an underlying asset. Therefore a price difference can result between both assets.

Example: BTCUSD pair compared to BTF ( Valkyrie Bitcoin Strategy ETF, orange line on the chart )

https://preview.redd.it/cm2ewkvfxuqb1.png?2552&format=png&auto=webp&s=6693e409bdab0a8b21144e7deb8bf3276f01b73e

a Spot ETF however is more tied to the current price of an asset on the open market therefore arbitrage will balance out the price differences.

Ok but... what's the point of an ETF?

Simplified, ETFs give the investor an easier, less complex and safer way. They don't have to manage wallets or take the risk of moving their funds incorrectly. This would be a good option for those that aren't very tech friendly yet want to invest in Crypto. Therefore it opens a window for a lot of new investors from the traditional markets and more capital flow.

The downside however are way higher fees & spread + possible "Holding fees". So compared to simply buying ( real ) BTC, holding and not care about it for years you would have to pay a frequent fee to hold the ETF.

That being said it will bring lots of liquidity into the market which has usually a very positive effect on the asset.

Sounds great! But why aren't they getting approved ?

Very difficult topic but summarized, the SEC is not a fan and they have the button to approve or decline filings. While nobody truly knows the exact reasons, most speculate it could be the potential manipulation of BTC price as an underlying asset on the unregulated open market, that has a direct impact on the ETF and therefore a "possible harmful effect" on the investor of said ETF.Another reason could be the current Coinbase dispute as most ETF filings had Coinbase as custodian.