SEC likely to allow Bitcoin futures ETF to trade next week: Reports

Eric Balchunas Bloomberg-Senior Etf city Chicago SEC Futures Bitcoin reports

15.10.2021 - 07:03

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cointelegraph.com:

The long wait for a Bitcoin exchange-traded product could soon be over according to sources reported by financial media giant Bloomberg.

Citing “people familiar with the matter” Bloomberg has reported that the U.S. Securities and Exchange Commission is poised to approve the first Bitcoin futures exchange-traded funds in the country.

The anonymous sources said:

A futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them.

Bloomberg senior ETF analyst, Eric Balchunas, is confident that the ProShares Bitcoin Strategy ETF could be the first one launched as the decision deadline

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