SEC tweets about funds that hold Bitcoin futures-expectations of upcoming Bitcoin ETF approval-regulation

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SEC Twittering on funds that hold Bitcoin futures-expectations of upcoming Bitcoin ETF approval

The US stock exchange supervision SEC has tweeted to invest in funds that hold Bitcoin futures contracts. This has aroused optimism in the crypto community that the regulatory authority could soon approved Bitcoin funds (ETFs), especially those that invest in Bitcoin futures.

Optimism grows that the SEC will soon approved a Bitcoin futures ETF

The official Twitter account of the Office of Investor Education and Advocacy The SEC tweeted on Thursday: "Before you invest in a fund that holds Bitcoin Futures contracts, you should carefully weigh up the potential risks and advantages."

The tweet refers to a Investor report published together by Office of Investor Education of the SEC and the office Of Customer Education and Outreach of Commodity Futures Trading Commission (CFTC). The bulletin calls on "investors who consider a fund with commitment to the Bitcoin Futures market to carefully weigh the potential risks and advantages of the system".

SEC twittert via funds, which Keep Bitcoin futures-optimism through upcoming Bitcoin ETF permits

Comments flooded by people who speculated that the Sec will soon approve a Bitcoin futures ETF. Many people simply called "Bullish".

A Twitter user wrote: "You probably wouldn't post it if it were not approved." Another commented: "It would be very likely to point out that A btc ETF possibly next week." A third person said: "This is a clear indication of what will come very, very soon." As Bitcoin.com news , the SEC could be this month approved several Bitcoin strategy ETFs.

Bloomberg's senior ETF analyst Eric Balchunas said:

More on it: The SEC has just tweeted an EDU bulletin, which she wrote about Bitcoin Futures and "Funds that hold Bitcoin futures" in June. Clearly good sign and we [are] increase our odds to 85%.

Balchunas mentioned another sign that a Bitcoin ETF approval is imminent. "Valkyrie has just updated her Bitcoin Futures-ETF brochure (which usually only happens if the rows get ready for introduction). They added their ticker $ BTF, although no fee has yet been raised. I cannot say that this is proof of a deal, but a good sign IMO," he tweeted on Wednesday. <

However, since the investor bulletin was published in June and the SEC tweeted similar news about investments in funds with Bitcoin futures, some people warned that the tweet from Thursday did not indicate a Bitcoin ETF approval.

The economist and dealer Alex Kruger noted: "The market interprets this Sec-Contribution in such a way that the chances of Bitcoin Futures-ETF have increased dramatically, but note that the Sec had already published the same thing in June."

Balchunas further detailed that the SEC was tweeting this bulletin on July 26th a day before the investment fund Bitcoin strategy of profunds "became effective" and two days before his launch. He came to the conclusion that when the pattern continues, "Proshares ETF Mo or Di is traded (which our prediction was all the time)."

The crypto community hopes that the Sec Bitcoin Futures ETFs will approve, since SEC chairman has repeatedly signaled Gary Gensler that he is open to this type of investment. He also said that he was looking forward to the employees Review by Bitcoin-Futures-ETF registrations.

Do you believe that the SEC will approve a Bitcoin ETF this year? Let us know in the comment area below.

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