Bloomberg’s ETF analysts, Eric Balchunas and James Seyffart, aspects that the U.S. Securities and Exchange Commission (SEC) might approve a Bitcoin futures ETF by the end of October.
- As per the Tuesday tweets by Bloomberg’s analysts, the withdrawals of the proposal for Ethereum futures ETF by VanEck and ProShares add to the possibility of a BTC futures ETF by the SEC.
- Balchunas believes that ProShares’ BTC futures ETF might be the favorite among the others, but there should be a group to avoid the first-mover advantage.
- The premises of a BTC futures ETF come after VanEck and ProShares withdrew their applications just after two days of filing, suggesting that SEC might be in regular contact with the investors and indicated disapproval of an Ether futures ETF.
- Galaxy Digital, Valkyrie Investments, and AdvisorShares are asset managers to file for BTC futures ETF after the SEC chair Gary Gensler indicated approving such funds.