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New tickers and ARK filing shows Bitcoin futures ETF approval imminent: Analyst
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Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an assigned ticker and Valkyrie updating its own ETF prospectus with a ticker.
Cathie Wood’s Ark Investment Management LLC filed for a Bitcoin (BTC) futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.
According to Bloomberg analyst Eric Balchunas, firms typically update their proposals when they have everything set and “ready for launch,” suggesting that Valkyrie may soon be given the green light by the U.S. Securities and Exchange Commission (SEC).
Balchunas also pointed to Ark Invests’ Bitcoin futures ETF application on
Read more on cointelegraph.comAbout this in other media
Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts cointelegraph.com /3 years ago
Valkyrie Bitcoin futures ETF to launch on Nasdaq on Oct. 22 cointelegraph.com /3 years ago
Bitcoin futures highlight some pitfalls for new ETFs economictimes.indiatimes.com /3 years ago
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