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Seeking Alpha 2021-08-25 12:12:17

Investors might see an SEC approved Bitcoin ETF by October

The United States may see the approval of a Bitcoin futures ETF by the end of October, according to Bloomberg analysts. Bloomberg ETF analysts Eric Balchunas and James Seyffart revealed that they believe the recent retraction by ProShares and VanEck's Ethereum (ETH-USD) futures ETF proposals to the U.S. Securities and Exchange Commission could prompt the consent of a Bitcoin (BTC-USD) ETF. The analysts stated: "VanEck and ProShares' rapid withdrawal of proposals for Ethereum futures ETFs is a good sign for a potential Bitcoin futures ETF, given the SEC has allowed those filing to remain active. A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage." Balchunas also expressed that the ProShares' Bitcoin futures ETF is among the filings regulators will most likely approve. "We think Ether withdrawal shows SEC has nose in this right now and is

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