The Securities and Exchange Commission (SEC) will soon make its decision on a set of Bitcoin futures exchange-traded funds (ETFs) applications that are awaiting its approval.
The regulator may reject, approve or delay this month the four Bitcoin futures ETFs applications, which include the ProShares Bitcoin Strategy ETF, Invesco Bitcoin Strategy ETF, VanEck Bitcoin Strategy ETF, and Valkyrie Bitcoin Strategy ETF.
Bitcoin futures ETFs give investors exposure to Bitcoin without having to directly hold the flagship cryptocurrency.
SEC may approve 4 Bitcoin future ETFs by end of the month
If the SEC green-lights the applications, the US will have as many as four Bitcoin futures ETFs by the end of October after years of delay. An approval is a welcome news for the $6.7 trillion U.S. ETF industry.
