Various investment funds have applied for Bitcoin ETFs in the U.S. The number has grown as interest in crypto has been on the rise in recent months. A couple of countries so far have approved some crypto ETFs and investors can trade on these. However, the United States is yet to see the approval of its very first bitcoin ETF.<\/p>\n
Speculations around the approval of a bitcoin ETF have been on the rise lately. The Securities and Exchange Commission (SEC) was expected to make a ruling on various Bitcoin ETFs that had been filed. But the regulator had moved up the date<\/a>. In the case of VanEck, moving it by 60 days until the SEC would provide its decision on the Bitcoin ETF.<\/p>\n After SEC Chairman Gary Gensler announced that the regulatory body had no intention of banning bitcoin in the United States, investors began to expect the approval of a bitcoin ETF soon. The reasoning behind this being that the chairman would not go out of his way to provide information like this if there wasn\u2019t good news in the future.<\/p>\n Related Reading |\u00a0Number Of Bitcoin Active Entities Grows 19% To Hit 2020 Bull Levels, Set Up For New Highs?<\/a><\/strong><\/em><\/p>\n It is expected that October will see the approval of the first bitcoin ETF in the country, which would enable investors to begin trading on Bitcoin Futures ETFs. Instead of having to trade on Canadian crypto ETFs.<\/p>\n In addition to the SEC\u2019s stance on crypto regulation, a Canadian mutual fund with the same language as a bitcoin ETF had been previously approved by the regulation. This was put forward by asset manager James Seyffart<\/a>, who believes that since the SEC had approved this mutual fund, then it would most likely approve an ETF that consisted of similar wording.<\/p>\n Eric Balchunas, an ETF analyst for Bloomberg, took to Twitter to point out some events that may signal that the first bitcoin ETF is close to being approved. The analyst pointed out that Valkyrie<\/a>, a digital asset management firm, had updated their Bitcoin Futures ETF prospectus.<\/p>\n NOTABLE: Valkyrie just updated their bitcoin futures ETF prospectus (which typically only happens when ducks in row ready for launch). They added their ticker $BTF<\/a>, altho no fee still. Can't say this is done deal type evidence but a good sign IMO. pic.twitter.com\/GlQo4C1lBc<\/a><\/p>\n — Eric Balchunas (@EricBalchunas) October 13, 2021<\/a><\/p><\/blockquote>\nSEC Boss Clarifies Stance On Crypto<\/h2>\n
Bitcoin ETFs Getting Closer To Approval<\/h2>\n
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