The US SEC may approve the first Ethereum 2x leveraged futures ETF, with several application companies stating that their discussions with regulators are "positive."

ChainCatcher news, according to an exclusive report by Fox Business reporter Eleanor Terrett, several companies that have applied to the U.S. Securities and Exchange Commission (SEC) for the issuance of Ethereum leveraged futures ETFs have stated that they have had "positive dialogue" with SEC staff regarding their applications, with one company expressing optimism that the SEC will approve these funds based on communications so far.

If the SEC does not issue a denial, Volatility Shares' 2x leveraged Ethereum strategy ETF (ticker: ETHU) will become effective on June 4. The company launched its Bitcoin leveraged futures ETF (BITX) last June, 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 ongoing rumors of the "SEC considering Ethereum as a security," as they would essentially be doubling down while allowing both Ethereum futures and leveraged Ethereum futures products to exist.