{"id":353063,"date":"2021-10-15T07:00:20","date_gmt":"2021-10-15T04:00:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sec-likely-to-allow-bitcoin-futures-etf-to-trade-next-week-reports\/"},"modified":"2021-10-15T07:00:20","modified_gmt":"2021-10-15T04:00:20","slug":"sec-likely-to-allow-bitcoin-futures-etf-to-trade-next-week-reports","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sec-likely-to-allow-bitcoin-futures-etf-to-trade-next-week-reports\/","title":{"rendered":"# SEC likely to allow Bitcoin futures ETF to trade next week: Reports"},"content":{"rendered":"

“# SEC likely to allow Bitcoin futures ETF to trade next week: Reports <\/strong>”
\n<\/p>\n

The long wait for a Bitcoin exchange-traded product could soon be over according to sources reported by financial media<\/a> giant Bloomberg.<\/p>\n

Citing \u201cpeople familiar with the matter\u201d Bloomberg has reported that the U.S. Securities and Exchange Commission is poised to app<\/a>rove the first Bitcoin futures exchange-traded funds in the country. <\/p>\n

The anonymous sources said<\/a>:<\/p>\n

\u201cThe regulator isn\u2019t likely to block the products from starting to trade next week.\u201d<\/p><\/blockquote>\n

A futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them.<\/p>\n

Bloomberg senior ETF analyst, Eric Balchunas, is confident that the ProShares Bitcoin Strategy ETF could be the first one launched as the decision deadline is Oct. 18. The Invesco Bitcoin Strategy ETF may be approved the following day barring any further delays by the SEC.<\/p>\n

In a tweet on Oct. 15, the analyst stated: \u201cPretty much done deal. Expect launches next week,\u201d before adding the \u201codds now over 90% IMO.\u201d<\/p>\n

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JUST IN: Bitcoin futures ETFs said not to face any opposition at SEC, according to multiple sources confirming this (aside, I\u2019m hearing same thing). Pretty much done deal. Expect launches next week. Nice late night story from @kgreifeld<\/a> @VildanaHajric<\/a> @benbain<\/a> pic.twitter.com\/axT6ME4MeI<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) October 15, 2021<\/a><\/p><\/blockquote>\n