SEC Set to Greenlight Ether-Futures ETFs in Crypto Industry Win

The US Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products.

The regulator isn’t likely to block the products, which would be based on futures contracts for the second-largest cryptocurrency, according to people familiar with the matter. Nearly a dozen companies, including Volatility Shares, Bitwise, Roundhill and ProShares, have filed to launch the ETFs.

It couldn’t immediately be determined which funds would get green lights. Officials have indicated that several might by October, said one of the people, ...