Bitcoin achieved $ 60,000 due to reports that the Futures ETF approved by the SEC is closer than ever
Bitcoin achieved $ 60,000 due to reports that the Futures ETF approved by the SEC is closer than ever
According to reports that the SEC could give the green light for a Bitcoin futures ETF next week, the price of cryptocurrency shot at a six-month high of over 60,000
, citing people who are familiar with the matter, Bloomberg called on October 15 that the Securities and Exchange Commission has changed its one-year negative attitude towards BTC ETF. In recent years, the agency has rejected countless applications for a stock market -traded fund that pursues the performance of Bitcoin. However, Bloomberg's sources claimed that the Commission will "probably not block" that a Bitcoin futures ETF will go live next week. The respective product, which is to be considered approved, is an application from Proshares and Investco LTD and, as the name suggests, is based on futures contracts. The chairman of the sec, Gary Gensler, previously claimed that the futures option offers a "considerable investor protection", since these contracts are deposited according to the rules for investment funds. It is worth noting that the number of Bitcoin ETF applications this year has increased in the United States after several permits in Canada and Brazil. In addition, Bloomberg's senior strategist Mike McGlone notes last month that the commission could actually give the green light for a BTC futures ETF by the end of October. Shortly after today's report went live, the price of the cryptocurrency reacted with a massive increase of $ 57,000 to $ 60,000. BTC has been cracking the $ 60,000 mark for the first time since mid-May.
