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SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms

SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms
The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.

The regulator isn’t likely to block the products from starting to trade next week, said the people, who asked not to be named while discussing the decision. Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”

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6 Comments

  1. I’d always been told by institutional traders hesitant to get into crypto that an ETF was the final piece of the puzzle. Having spot, futures, and ETFs was essentially the holy trinity they were looking for to run their strategies.

What do you think?

FinCEN

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SEC filings indicate that a Bitcoin Futures ETF could be listed as soon as next week.