Volatility Shares, one of the largest ETF providers on the market, announced plans to list their Ether Strategy ETF on October 12, 2023, under the ticker ETHU. The product will offer investors the company’s first Ether-linked ETFs.

The company also lists its 2x Bitcoin-linked ETFs (BITX) since July. According to Bitcoin Market experts, the ETF application was made first.

Eric Balchunas, a Senior ETF Analyst at Bloomberg, claims that the positioning of Volatility Shares for the debut of the Ether ETF may be able to beat its competitors in the race to launch the highly anticipated product first. He also notes that the regulator “looks to be ok” with the proposal as there hasn’t been any withdrawal.

Stuart Barton, the CIO of Volatility Shares, said that investors will be able to purchase ETHU before the company shifts its focus to the ever-increasingly popular spot ETF markets.

The SEC has not yet approved any US spot crypto ETF. The next big decision, after a recent deferral for the US market, is the SEC’s approval of the SEC-approved spot crypto ETF. Ark Investment Management’s Bitcoin ETF is on Grayscale, with a 160-day time window. The expectation is that this decision will be made on Friday morning.