Nearly a dozen companies have filed with the SEC to launch ETFs based on Ether futures.

Eight companies — including Bitwise, Volatility Shares and ProShares — have in recent days filed applications for exchange-traded funds based on futures for the second-largest digital token.

New SEC rules offer an opportunity for advisors and their clients to reassess their strategies around liquid cash.

Elliott’s Unlimited, which focuses on alternative investments, is planning to launch eight exchange-traded funds that aim to replicate the returns of styles such as equity long-short, global macro and low beta.

Investors are essentially betting against swings in share prices, with demand so hot that funds like JEPI and QYLD keep drawing in money despite subpar returns.