THELOGICALINDIAN - The US Securities and Exchange Commission SEC has tweeted about advance in funds that authority bitcoin futures affairs This has sparked optimism aural the crypto association that the regulator may anon accept bitcoin exchangetraded funds ETFs abnormally those advance in bitcoin futures
Optimism Grows That SEC Will Approve a Bitcoin Futures ETF Soon
The official Twitter annual for the SEC’s Office of Investor Education and Advocacy tweeted Thursday: “Before advance in a armamentarium that holds bitcoin futures contracts, accomplish abiding you anxiously counterbalance the abeyant risks and benefits.”
The cheep references an investor bulletin accordingly appear in June by the SEC’s Office of Investor Education and Advocacy and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach. The account urges “investors because a armamentarium with acknowledgment to the bitcoin futures bazaar to counterbalance anxiously the abeyant risks and allowances of the investment.”
Comments abounding Twitter from bodies apperception that the SEC will anon accept a bitcoin futures ETF. Many bodies artlessly exclaimed, “bullish.”
One Twitter user wrote, “They apparently wouldn’t column this if it wasn’t activity to get approved.” Another commented, “Posting this would announce with abundant likelihood a BTC ETF is coming, possibly abutting week.” A third being said, “This is a bright adumbration of what is to appear actual actual soon.” As Bitcoin.com News reported, the SEC could accept several bitcoin action ETFs this month.
Bloomberg’s chief ETF analyst, Eric Balchunas, opined:
Balchunas mentioned addition assurance that a bitcoin ETF approval may be imminent. “Valkyrie aloof adapted their bitcoin futures ETF announcement (which about alone happens back ducks in row accessible for launch). They added their ticker $BTF, altho no fee still. Can’t say this is done accord blazon affirmation but a acceptable assurance IMO,” he tweeted Wednesday.
However, aback the broker account was appear in June and the SEC tweeted a agnate bulletin about advance in funds captivation bitcoin futures aback then, some bodies cautioned that Thursday’s cheep does not announce a bitcoin ETF approval.
Economist and banker Alex Kruger noted: “Market interpreting this SEC column as allowance of bitcoin futures ETF added badly but agenda the SEC had acquaint the aforementioned affair aback in June.”
Balchunas added detailed that the aftermost time the SEC tweeted this account was on July 26, one day afore the Profunds’ bitcoin action alternate armamentarium “went effective” and two canicule afore it launched. He assured that if the arrangement holds, “Proshares ETF will be trading Mon or Tue (which was our anticipation all along).”
The crypto association is hopeful that the SEC will accept bitcoin futures ETFs back SEC Chairman Gary Gensler again adumbrated that he is accessible to this blazon of investment. He additionally said that he looked advanced to the staff’s review of bitcoin futures ETF filings.
Do you anticipate the SEC will accept a bitcoin ETF this year? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
