713: FUTURES-BASED BITCOIN ETF HAS ’75% CHANCE OF APPROVAL’ IN OCTOBER, SAYS BLOOMBERG SENIOR ETF ANALYST
A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month - in some form.
In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light.
"Yes, the SEC has kicked can on bitcoin ETF approval BUT that is for the physically-backed ones under '33 Act. The futures ETFs filed under the '40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct)."
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