empty
 
 
15.10.2021 11:45 AM
Could America's crypto ETF be approved in October?

This image is no longer relevant

Could America's crypto ETF be approved this month?

For Bitcoin futures ETF initial review period, which is currently in the Securities and Exchange Commission, the Commission must approve, reject or postpone applications in the next few weeks. The time has already come.

Canada and Europe have been successfully trading cryptocurrency ETFs for several months, and investors in the United States really want to be able to access the cryptocurrency market through ETFs. So far, the $6.7 trillion ETF industry in America has been working on approving bitcoin ETFs since the first application for the fund in 2013.

There is only hope: the SEC required two issuers last summer to remove futures on the Ethereum ETF, but left Bitcoin futures alone. During the previous week, the regulator also approved the Volt Crypto Industry Revolution and Tech ETF (BTCR), an actively managed ETF that will invest most of its assets in companies with access to Bitcoin, as well as in companies that have access to infrastructure supporting cryptocurrency.

However, there is still skepticism about the chances of approving an ETF based on cryptocurrency futures.

According to the CIO of the ETF Trend, Dave Nadig, the chances of approval are higher than 50%, but it would not be surprising for him if the SEC starts crushing Bitcoin again.

There is no doubt that a real regulatory plan is necessary.

This image is no longer relevant

Irina Yanina,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback