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Latest Bloomberg Report Suggesting SEC Isn’t Likely To Block Bitcoin Futures ETF Plus SEC Tweet Regarding Bitcoin Futures Takes BTC Above $59k

Latest Bloomberg Report Suggesting SEC Isn’t Likely To Block Bitcoin Futures ETF Plus SEC Tweet Regarding Bitcoin Futures Takes BTC Above $59k



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3 Comments

  1. A BTC futures ETF is a really, really bad idea I believe. It undermines BTCs main value proposition…that of scarcity. Remember when the SEC said they would tame Bitcoin?. Well here you go.

  2. tldr; The US Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), according to a Bloomberg report. Bitcoin futures ETFs are different from Bitcoin ETFs in that they are based on futures contracts and are filed under mutual fund rules. The post sparked speculation within the cryptocurrency community that the regulator may approve a Bitcoin futures fund.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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