Ethereum futures exchange-traded funds (ETFs) may see their debut in the United States as early as next week, according to analysts at Bloomberg.

James Seyffart, an analyst at Bloomberg Intelligence, indicated on September 28 that it appears “the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.”

This statement was prompted by ETF analyst Eric Balchunas, who mentioned hearing that the SEC was interested in “accelerating the launch of Ether futures ETFs.” He added that there were indications of filers updating their documents by Friday afternoon to enable potential trading starting as early as the following Tuesday.

The looming threat of a U.S. government shutdown, scheduled for October 1 if Congress doesn’t secure funding for the new fiscal year, seems to be pushing the SEC to expedite the ETF launch process to avoid dealing with it during a shutdown period.

The analysts did not disclose the sources of this latest update on the pending crypto ETFs. Currently, there are 15 Ethereum futures ETFs from nine issuers awaiting approval, including VanEck, ProShares, Grayscale, and others. The analysts estimated a 90% likelihood of Ethereum futures ETFs launching in October, with Valkyrie’s Bitcoin futures product set to be the first to hold Ethereum exposure on October 3.

However, they noted that not all proposed ETFs are expected to launch, and crypto futures products are generally not as eagerly anticipated as their spot-based counterparts. While this news had initially caused an 11% surge in ETH prices in August, the price has remained relatively stable, with a modest 1% gain on the day, hovering just above $1,600 at the time of reporting.

It’s worth noting that the United States has had Bitcoin futures ETFs since 2021, whereas Ethereum futures ETFs represent a new frontier for the market.