US SEC delays election‑betting ETFs while Ethereum ETFs target mid‑July debut

The U.S. Securities and Exchange Commission is reviewing more than two dozen exchange‑traded fund proposals that would allow investors to bet on political outcomes, such as the 2028 presidential election, 2026 Senate control and commodity price targets. Applications from Roundhill, Bitwise and GraniteShares remain in regulatory limbo, with the SEC pushing back the expected launch to clarify fund mechanics and disclosure requirements. The filings describe binary event contracts that settle at $1 if the predicted outcome occurs and $0 otherwise, exposing investors to the risk of total loss.

At the same time, several issuers are completing final registrations for Ethereum‑focused ETFs, aiming for a mid‑July debut. The firms are finalising fee structures, distribution plans and launch readiness, positioning the products to compete for investor inflows similar to Bitcoin ETFs. Market participants are watching the timing, fee competitiveness and early demand to gauge which sponsor will capture the initial market share.