Not 1 but 4 Bitcoin Futures ETFs Could Come This Month

Crypto analysts are quite confident in the rapid arrival of the first US Bitcoin ETF. The crypto world has been waiting for such approval for years and if it does take place, it could lead to a huge price increase.


Bloomberg Is Very Optimistic About The Approval Of A Bitcoin Futures ETF

According to the latest Bloomberg report, there is a pretty high possibility that four Bitcoin ETFs will be approved this month. This is because SEC chairman Gary Gensler recently suggested approving a Bitcoin ETF that tracks Bitcoin futures. This means that these ETFs contain bitcoin futures offered by the CME Group rather than the underlying asset.

According to Bloomberg, this could mean four Bitcoin Futures ETFs will be approved this month. James Seyffart, an ETF analyst at Bloomberg Intelligence, said:

“We are quite optimistic here about the approval of a futures ETF. We can hardly imagine Gensler and the SEC first making positive comments about a Bitcoin futures ETF and then turning them down less than a month later.”


The ProShares Bitcoin Futures ETF First in Line

If the SEC follows the usual process without distinguishing between different products, ProShares’ Bitcoin futures ETF filing could be the first to receive SEC approval.

Another player in line that has a good chance of getting the approval is Valkyrie Investments. Unlike ProShares, Valkyrie’s proposed ETF will only feature bitcoin futures. Nate Geraci, president of the consulting firm the ETF Store, told Bloomberg:

“Approving futures-based Bitcoin ETFs seems like an easy way for the SEC and Chairman Gensler to achieve a ‘victory’ in terms of forward thinking about crypto.”

At the time of writing, the price of 1 Bitcoin is around $54,900. If the SEC approves a Bitcoin ETF, BTC appears to have a good chance of surging towards $100,000 this year.

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