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New SEC Filing Impressions US Regulators Approve Bitcoin Future ETFs – Bitcoin News


Bitcoin prices have exceeded %% in the last 2 hours after evidence from several documents from the US Securities and Exchange Commission (SEC) web portal indicated that Process Trust Exchange-Traded Fund (ETF) could be listed as soon as the week Has submitted an effective revised prospectus that the firm intends to launch at the NYSE Arca on Monday, October 18th.

Bitcoin Future ETF may launch next week as strong signal of Bitcoin price rise

The crypto community saw the price of Bitcoin (BTC) jump near the all-time high of crypto assets on Friday afternoon. During the last trading session of the afternoon, BTC tapped a daily high of 62 622.95 per unit at 5:30 pm (EST). The increase is probably due to a number of documents filed with the Securities and Exchange Commission (SEC), which strongly indicate that the Bitcoin ETF will be launched soon.

The first signal came from Bloomberg Intelligence analyst James Sefert. Tweeted About the Bloomberg data team “Adding Proshares Bitcoin Strategy ETF to the Terminal.” Sefert added: “[The] The ticker will be $ BITO. 95 bps – 2% fee for less than half GBTC. This thing is going to be live next week. Either Monday or Tuesday. Bloomberg Intelligence analyst is sharing this Form 8A document Continued:

It should also be added [Valkyrie Funds] They have filed 8A which basically registers a security for trading [an] Exchanges are not yet known from Proshares. So good luck [is almost] If I can guess, I’m definitely going to start trading next week.

On Friday, October 15, 2021, the price of Bitcoin came close to surpassing the all-time high (ATH) on April 14, 2021. On Friday, the price at 62 62,945 per unit was 2.95% lower than ATH, which was 64 64,804 six months ago.

Proshares Trust Effective Revised Prospectus

In addition to Sefert’s comments on Twitter, Process filed a revised prospectus for his ETF on Friday. The revised documentation notes that Proshares intends to launch the Bitcoin ETF on October 18, 2021, and the filing also notes that the ticker will be called “$ BITO”. Although the Proshares ETF may be the first to be listed as a Bitcoin ETF approved by U.S. regulators, it will work with Bitcoin derivatives.

New SEC Filing Impressions A Bitcoin Future ETF Approved by US Regulators
Screenshot of the post-processor revised prospectus.

Proshares ETF will be a Bitcoin futures based product and analysts doubt that BTC Spot Market ETF will get the green light by the SEC this year. There is a lot of confusion as to whether the SEC actually approved a Bitcoin ETF on October 15th and the speculative signal may change. Sefert’s Friday afternoon comment on Twitter also shared a tweet he wrote when he wrote Oct. 8 Stated:

The SEC has pulled the carpet for approval many times before, I can’t help but wonder what’s around the corner. We (and all potential issuers) are basically trying to kick Charlie Brown into a football.

Speculation about the Valkyrie ETF

People are still skeptical because the U.S. regulator has verbally rejected Bitcoin ETFs, but has not officially said anything about approving crypto exchange-traded funds. There are others Shared documents Valkyrie’s bitcoin exchange-traded fund, as many are speculating about its approval.

New SEC Filing Impressions A Bitcoin Future ETF Approved by US Regulators
Nasdyc letter discussing Valkyrie’s 8A SEC filing.

Nonetheless, some people have said that Valkyrie’s bitcoin strategy is not a confirmed endorsement of the 8A document regarding the ETF.

“SEC has not yet approved ETF Valkyrie’s Bitcoin strategy …” Twitter account Bitcoin Archive Says Of 539,600 followers. “This is a notice to Nasdaq’s SEC stating that they have approved the securities and are awaiting the SEC’s decision. That’s all. ”

Vanek’s Gabar Gurbox Responded The Bitcoin archive tweeted and said: “Good catch. There are a lot of approvals so people are no more [know] When the actual approval is. Ha ha ha. “The Bitcoin archive answered Vanek Executive and Said: “Bloomberg guys think it’s %% specific Mon / Tue, but until we’re sure [the] The SEC says so. ”

What do you think about the new SEC filing that gives US regulators a bitcoin futures-based ETF-approved concept? Let us know what you think about this in the comments section below.

Tags in this story

A Bitcoin ETF Approval, Bitcoin Archive, Bitcoin ETF, Bitcoin ETF Approval, Bitcoin ETF Launch, Bitcoin Exchange Traded Fund, ETF Bitcoin, ETF, Exchange Traded Funds, Gabor, SEC, Second Approval, SEC, Valkyrie, Valkyrie Bitcoin Strategy ETF, Vaneck Executive

Image credit: Shutterstock, Pixabay, WikiCommons, Nasdaq, SEC Web Portal,

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