The United States Securities and Exchange Commission (SEC) tweeted about investing in funds holding bitcoin futures. This has fueled optimism in the crypto community that regulator could soon approve Bitcoin Exchange Traded Funds (ETFs), especially those that invest in BTC futures.

U.S. Securities and Exchange Commission - Taft Privacy & Data Security  Insights

Optimism increases

The official Twitter account of the SEC’s Office of Investor Education and Advocacy (OIEA) tweeted Thursday:

“Before investing in a fund that holds Bitcoin futures, you should carefully weigh the potential benefits and risks.”

The tweet refers to an investor newsletter jointly published by the OIEA and the Office of Consumer Education and Outreach of the Commodity Futures Trading Commission (CFTC) in June. The newsletter appeals to “investors”. Please carefully weigh the potential benefits and risks of the investment. “

Comments on Twitter flooded with comments from those speculating that the SEC would soon approve a Bitcoin futures ETF. Many people simply exclaim, “raise prices”.

“You probably wouldn’t post this if it wasn’t approved,” wrote one Twitter user.

Evolve's Bitcoin ETF begins trading on the TSX | Wealth Professional

“This move will make it very likely that a BTC ETF may arrive next week,” commented another.

As Bitcoin magazine reported the SEC could approve several Bitcoin ETFs this month.

Bloomberg Senior ETF Analyst Eric Balchunas said:

“The SEC just tweeted about the educational newsletter it wrote in June about bitcoin futures and ‘bitcoin futures holding funds’. Obviously a good sign and we’re increasing our chances to 85%. “

Balchunas mentioned another sign that Bitcoin ETF approval could be imminent.

“Valkyrie has just updated their Bitcoin Futures ETF prospectus (this usually only happens when it is ready to launch). You have added the BTF code. I can’t say that this is evidence that the deal is closed, but it is a good sign. “

However, since the investor bulletin was published in June and the SEC tweeted similar news about investing in funds with Bitcoin futures at the time, some warned that Thursday’s tweet showed no signs of approval.

Economist Alex Krüger Predicts Banks Will Hold Bitcoin As Reserve Asset -  The Bitcoin Street Journal

The economist and trader Alex Kruger notes:

“The market interprets this SEC contribution as a significant increase in Bitcoin futures ETF quotas, but note that the SEC released the same thing in June.”

Balchunas went on to state that the SEC last published this bulletin on July 26th, one day before the strategic investment fund Profits Bitcoin “went into effect” and two days before its launch. He concluded that if the story fits the scenario, “Proshares ETF will trade next Monday or Tuesday (that’s our forecast so far).”

Bitcoin Futures có tác động vào giá Bitcoin và Bitcoin sắp quay lại mốc  $20000 ? - Nami Corp

The crypto community is hoping the SEC will approve a Bitcoin futures ETF as SEC chairman Gary Gensler has repeatedly signaled that he is open to this type of investment. He also said he was awaiting a review of the ETF filing for Bitcoin futures.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Newsbitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

The United States Securities and Exchange Commission (SEC) tweeted about investing in funds holding bitcoin futures. This has fueled optimism in the crypto community that regulator could soon approve Bitcoin Exchange Traded Funds (ETFs), especially those that invest in BTC futures.

U.S. Securities and Exchange Commission - Taft Privacy & Data Security  Insights

Optimism increases

The official Twitter account of the SEC’s Office of Investor Education and Advocacy (OIEA) tweeted Thursday:

“Before investing in a fund that holds Bitcoin futures, you should carefully weigh the potential benefits and risks.”

The tweet refers to an investor newsletter jointly published by the OIEA and the Office of Consumer Education and Outreach of the Commodity Futures Trading Commission (CFTC) in June. The newsletter appeals to “investors”. Please carefully weigh the potential benefits and risks of the investment. “

Comments on Twitter flooded with comments from those speculating that the SEC would soon approve a Bitcoin futures ETF. Many people simply exclaim, “raise prices”.

“You probably wouldn’t post this if it wasn’t approved,” wrote one Twitter user.

Evolve's Bitcoin ETF begins trading on the TSX | Wealth Professional

“This move will make it very likely that a BTC ETF may arrive next week,” commented another.

As Bitcoin magazine reported the SEC could approve several Bitcoin ETFs this month.

Bloomberg Senior ETF Analyst Eric Balchunas said:

“The SEC just tweeted about the educational newsletter it wrote in June about bitcoin futures and ‘bitcoin futures holding funds’. Obviously a good sign and we’re increasing our chances to 85%. “

Balchunas mentioned another sign that Bitcoin ETF approval could be imminent.

“Valkyrie has just updated their Bitcoin Futures ETF prospectus (this usually only happens when it is ready to launch). You have added the BTF code. I can’t say that this is evidence that the deal is closed, but it is a good sign. “

However, since the investor bulletin was published in June and the SEC tweeted similar news about investing in funds with Bitcoin futures at the time, some warned that Thursday’s tweet showed no signs of approval.

Economist Alex Krüger Predicts Banks Will Hold Bitcoin As Reserve Asset -  The Bitcoin Street Journal

The economist and trader Alex Kruger notes:

“The market interprets this SEC contribution as a significant increase in Bitcoin futures ETF quotas, but note that the SEC released the same thing in June.”

Balchunas went on to state that the SEC last published this bulletin on July 26th, one day before the strategic investment fund Profits Bitcoin “went into effect” and two days before its launch. He concluded that if the story fits the scenario, “Proshares ETF will trade next Monday or Tuesday (that’s our forecast so far).”

Bitcoin Futures có tác động vào giá Bitcoin và Bitcoin sắp quay lại mốc  $20000 ? - Nami Corp

The crypto community is hoping the SEC will approve a Bitcoin futures ETF as SEC chairman Gary Gensler has repeatedly signaled that he is open to this type of investment. He also said he was awaiting a review of the ETF filing for Bitcoin futures.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Newsbitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Visited 5 times, 1 visit(s) today

Leave a Reply