According to Bloomberg ETF analysts, the Securities and Exchange Commission (SEC) may approve exchange-traded funds (ETFs) based on Bitcoin futures already in October.
The analysts said:
“A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage.”
Bloomberg analysts Eric Balchunas and James Seyffart yesterday suggested that the approval of such investment product could come after VankEck and ProShares withdrew their ETH ETF futures applications.
“VanEck and ProShares’ rapid withdrawal of proposals for Ethereum futures ETFs is a good sign for a potential Bitcoin futures ETF, given the SEC has allowed those filing to remain active. A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage.”