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Bitcoin Futures ETF Said Not to Face SEC Opposition at Deadline: BBG
Bitcoin Futures ETF Said Not to Face SEC Opposition at Deadline: BBG
— zerohedge (@zerohedge) October 15, 2021
Added at 10:27pm
Added at 10:39pm
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Bitcoin Futures ETF Won’t Face SEC Opposition at Deadline, Sources Say
The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter. The regulator isn’t likely to block the products from starting to trade next week, said the people, who asked not to be named while discussing the decision. Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide ... (full story)