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Bitcoin jumps as ETF approval optimism hits fever pitch
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economictimes.indiatimes.comBitcoin fund could begin trading next week. Shares of Bitcoin jumped around $1,000 within minutes in late afternoon trading after the U.S.
Securities and Exchange Commission’s Office of Investor Education and Advocacy tweeted a June advisory about investing in funds that hold Bitcoin futures. In the past week, crypto lender BlockFi Inc.
and Cathie Wood’s Ark Investment Management have put their names on applications for futures-backed Bitcoin ETFs, a structure that Securities and Exchange Commission Chairman Gary Gensler has hinted that he’d be open to. Meanwhile, Valkyrie Investments updated its futures-backed ETF prospectus with the ticker BTF on Wednesday — typically a sign that an issuer is nearing launch, according to Bloomberg
. Read more on economictimes.indiatimes.comAbout this in other media
Analyst says Bitcoin futures ETF ‘better than nothing, but ‘not as good as’ spot ETF ambcrypto.com /2 years ago
Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts cointelegraph.com /2 years ago
Bitcoin futures ETFs: Good, but not quite there cointelegraph.com /2 years ago
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