Bloomberg: BTC Futures ETF to Launch by Year End – Bits Media

Bloomberg leading analysts believe, that the United States Securities and Exchange Commission (SEC) will soon approve the launch of ETF on bitcoin derivatives, and the exchange-traded fund will be launched by the end of October.

Bloomberg Senior Strategist ETF Eric Balchunas (Eric Balchunas) Shared
on Twitter with his thoughts about, that the recent review of applications for the broadcast of ETF on the air by Vaneck and Proshares companies – Good sign, foreshadowing the rapid approval of ETF on BTC futures. He referred to the analysis of another Bloomberg strategist James Seyffart (James Seyffart).

New note out today from @JSeyff re how the Ether ETF withdrawals adds to likelihood that a bitcoin futures ETF will be launched by end of October with ProShares as favorite, altho it could (and arguably should) be a group to avoid first mover advantage. pic.twitter.com/zXFFgmEHw6

— Eric Balchunas (@EricBalchunas) August 24, 2021

Balchunas wrote on Twitter, that as soon as ETF receives SEC approval, The exchange fund will be launched during 75 days. According to him, The most likely candidate for approval and launch - ETF from Proshares. However, he added, that companies should avoid the use of the advantage of a pioneer for their purposes.

Recently two American asset management companies at once, Vaneck и Proshares, We recalled
Applications for the launch of ETF for the futures of the ether, Submitted to the SEC. Then Balchunas noted, that the reason for an unexpected recall of applications was the actions of the regulator.

Recently, the SEC chairman Gary Gensler hinted, that ETF approval on bitcoin futures is much more likely, than the approval of a direct exchange fund for bitcoin. After that, several companies submitted applications for the launch of such funds, Including Galaxy Digital and Valkyrie.