SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bitcoin ETF Approval Soar – Regulation Bitcoin Newson October 15, 2021 at 1:27 am

The U.S. Securities and Alternate Fee (SEC) has tweeted about investing in funds that maintain bitcoin futures contracts. This has sparked optimism throughout the crypto neighborhood that the regulator could quickly approve bitcoin exchange-traded funds (ETFs), particularly these investing in bitcoin futures.

Optimism Grows That SEC Will Approve a Bitcoin Futures ETF Quickly

The official Twitter account for the SEC’s Workplace of Investor Training and Advocacy tweeted Thursday: “Earlier than investing in a fund that holds bitcoin futures contracts, be sure to rigorously weigh the potential dangers and advantages.”

The tweet references an investor bulletin collectively printed in June by the SEC’s Workplace of Investor Training and Advocacy and the Commodity Futures Buying and selling Fee’s (CFTC’s) Workplace of Buyer Training and Outreach. The bulletin urges “buyers contemplating a fund with publicity to the bitcoin futures market to weigh rigorously the potential dangers and advantages of the funding.”

Feedback flooded Twitter from individuals speculating that the SEC will quickly approve a bitcoin futures ETF. Many individuals merely exclaimed, “bullish.”

One Twitter person wrote, “They in all probability wouldn’t publish this if it wasn’t going to get authorised.” One other commented, “Posting this may point out with nice chance a BTC ETF is coming, probably subsequent week.” A 3rd individual mentioned, “It is a clear indication of what’s to return very very quickly.” As Bitcoin.com Information reported, the SEC may approve a number of bitcoin technique ETFs this month.

Bloomberg’s senior ETF analyst, Eric Balchunas, opined:

Getting nearer: The SEC simply tweeted out an edu bulletin they wrote again in June re bitcoin futures and ‘funds that maintain bitcoin futures.’ Clearly good signal and we [are] upping our odds to 85%.

Balchunas talked about one other signal {that a} bitcoin ETF approval could also be imminent. “Valkyrie simply up to date their bitcoin futures ETF prospectus (which usually solely occurs when geese in row prepared for launch). They added their ticker $BTF, altho no price nonetheless. Can’t say that is accomplished deal sort proof however a very good signal IMO,” he tweeted Wednesday.

Nonetheless, because the investor bulletin was printed in June and the SEC tweeted an analogous message about investing in funds holding bitcoin futures again then, some individuals cautioned that Thursday’s tweet doesn’t point out a bitcoin ETF approval.

Economist and dealer Alex Kruger famous: “Market deciphering this SEC publish as odds of bitcoin futures ETF elevated dramatically however be aware the SEC had posted the identical factor again in June.”

Balchunas additional detailed that the final time the SEC tweeted this bulletin was on July 26, sooner or later earlier than the Profunds’ bitcoin technique mutual fund “went efficient” and two days earlier than it launched. He concluded that if the sample holds, “Proshares ETF will probably be buying and selling Mon or Tue (which was our prediction all alongside).”

The crypto neighborhood is hopeful that the SEC will approve bitcoin futures ETFs since SEC Chairman Gary Gensler repeatedly indicated that he’s open to such a funding. He additionally mentioned that he seemed ahead to the workers’s evaluation of bitcoin futures ETF filings.

Do you assume the SEC will approve a bitcoin ETF this yr? Tell us within the feedback part beneath.

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The post SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bitcoin ETF Approval Soar – Regulation Bitcoin News appeared first on Binance.

The U.S. Securities and Alternate Fee (SEC) has tweeted about investing in funds that maintain bitcoin futures contracts. This has sparked optimism throughout the crypto neighborhood that the regulator could quickly approve bitcoin exchange-traded funds (ETFs), particularly these investing in bitcoin futures. Optimism Grows That SEC Will Approve a Bitcoin Futures ETF Quickly The official
The post SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bitcoin ETF Approval Soar – Regulation Bitcoin News appeared first on Binance.NewsNews – Binance

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