June 23 (Cointime) - Experts in the industry are predicting that fund issuers may soon apply to launch products that hold ether, the second-largest asset in the cryptocurrency market.

This is due to growing optimism regarding the potential approval of a bitcoin ETF in the United States. The fate of these ether funds, however, will depend on how the SEC treats the latest wave of filings from spot bitcoin ETF hopefuls.

While some believe that the approval of a spot bitcoin ETF would lead to more interest in ether, others argue that it may still be too early to expect a spot ether ETF.

The SEC has previously approved bitcoin futures ETFs, but concerns over the liquidity of the ether futures market and whether ether is considered a security or a commodity have halted plans for ETFs that would hold ether futures contracts.

According to Mishra, the approval of a spot bitcoin ETF would address the SEC's concerns about fraud and manipulation, making a futures-based ether ETF unnecessary.