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SEC Tacitly Approves First Bitcoin Futures ETF

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The US Securities and Exchange Commission (SEC) has approved the ProShares application to launch the Bitcoin Futures ETF. Trading starts on Monday, October 18th.

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The underlying asset of the fund will be Bitcoin futures on the Chicago Mercantile Exchange (CME).

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According to CoinDesk, the meeting of the five SEC commissioners on the ProShares fund took place on Friday, October 15th.

Coindesk writes:

“The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the industry on Friday, after the regulator’s five commissioners met on the issue. ProShares, which filed for its Bitcoin Strategy ETF this past summer, may be the first to launch next week.”

Bloomberg recently announced that the SEC will not stop the launch of Bitcoin futures ETFs.

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

Nasdaq has also indicated its willingness to add a listing for a fund, the Valkyrie ProShares has also filed Form 8-A which registers ETFs shares with SEC for trading on an exchange.

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

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