Futures-based Bitcoin ETF has '75% chance of approval' in October — analyst
As the SEC "kicks the can" on traditional Bitcoin ETFs, the Bitcoin futures equivalent is gearing up for likely approval, says Bloomberg's Eric Balchunas. A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form.In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light.Bitcoin futures ETFs "very much alive"October began with the Securities and Exchange Commission (SEC) announcing a frustrating yet not uncommon delay to their....
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Following Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than a BTC futures product. Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August. According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly....
According to Bloomberg Senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie. Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an assigned ticker and Valkyrie updating its own ETF prospectus with a ticker. Cathie Wood’s Ark Investment Management LLC filed for a Bitcoin (BTC) futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.....
Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month. A surge in Bitcoin prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks.BTC prices are up 7% over the past 24 hours and have surged a whopping 32% over the past week according to CoinGecko. This bullish price action for BTC only, may be a form of front-running by big bag holders in anticipation of a futures ETF approval by the U.S. Securities and Exchange Commission.On Oct. 7,....
Bitcoin has recorded an overall positive price movement in the last week, gaining by 2.39%, according to data from CoinMarketCap. The premier cryptocurrency suffered a slight dip between Tuesday and Thursday but soon rose on Friday to trade above $27,000 again. Meanwhile, in celebrating the new month of October, popular crypto analyst Michaël van de Poppe has predicted an incoming bullish run for Bitcoin in Q4 2033 based on certain expected events. Related Reading: New Bitcoin Prediction: Analyst Backs BTC To Reach $34,500 In 2024 Analyst Projects Bitcoin To Reach $40K In Q4 2023....
Speculation about the Winklevoss twins’ Bitcoin ETF possible regulatory approval continues. On March 11, the US Securities and Exchange Commission should come to its “yes” or “no” verdict after almost four years of waiting. It may happen by the time two of the world’s top Bitcoin exchanges that are based in China - Huobi and OKCoin - would have resumed their full withdrawal services. Most commentators are certain that the first Bitcoin exchange traded fund or ETF is not likely to be approved. However, commentaries are still divided over the issue and none of the stakeholders rule out the....