SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bitcoin ETF Approval Soar – Regulation Bitcoin News

SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bitcoin ETF Approval Soar

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

Optimism Grows That SEC Will Approve a Bitcoin Futures ETF Soon

The official Twitter account for the SEC’s Office of Investor Education and Advocacy tweeted Thursday: “Before investing in a fund that holds bitcoin futures contracts, ensure you fastidiously weigh the potential dangers and advantages.”

The tweet references an investor bulletin collectively printed in June by the SEC’s Office of Investor Education and Advocacy and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach. The bulletin urges “traders contemplating a fund with publicity to the bitcoin futures market to weigh fastidiously the potential dangers and advantages of the funding.”

SEC Tweets About Funds Holding Bitcoin Futures — Optimism Sparked of Imminent Bitcoin ETF Approvals

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

One Twitter consumer wrote, “They in all probability wouldn’t publish this if it wasn’t going to get authorized.” Another commented, “Posting this is able to point out with nice chance a BTC ETF is coming, presumably subsequent week.” A 3rd particular person stated, “This is a transparent indication of what’s to come back very very quickly.” As News reported, the SEC might 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 executed deal sort proof however a very good signal IMO,” he tweeted Wednesday.

However, for the reason that investor bulletin was printed in June and the SEC tweeted an identical message about investing in funds holding bitcoin futures again then, some folks 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 word 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, someday 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 group is hopeful that the SEC will approve bitcoin futures ETFs since SEC Chairman Gary Gensler repeatedly indicated that he’s open to this sort of funding. He additionally stated that he seemed ahead to the workers’s assessment of bitcoin futures ETF filings.

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

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