{"id":48233,"date":"2021-08-24T18:45:22","date_gmt":"2021-08-24T15:45:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48233"},"modified":"2025-09-02T01:15:41","modified_gmt":"2025-09-01T22:15:41","slug":"bloomberg-analysts-forecast-sec-approval-of-bitcoin-etf-by-end-october","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-analysts-forecast-sec-approval-of-bitcoin-etf-by-end-october\/","title":{"rendered":"Bloomberg Analysts Forecast SEC Approval of Bitcoin ETF by End-October"},"content":{"rendered":"<p>Bloomberg analysts predicted that the U.S. Securities and Exchange Commission (SEC) would approve the application to launch a Bitcoin-<span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span> by the end of October.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">New note out today from <a href=\"https:\/\/twitter.com\/JSeyff?ref_src=twsrc%5Etfw\">@JSeyff<\/a> 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. <a href=\"https:\/\/t.co\/zXFFgmEHw6\">pic.twitter.com\/zXFFgmEHw6<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1430137433010671617?ref_src=twsrc%5Etfw\">August 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Such a conclusion was drawn after <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-and-proshares-withdraw-ethereum-etf-filings-two-days-after-submission\">withdrawal<\/a> of VanEck and ProShares filings to launch a similar Ethereum-based instrument, two days after submission.<\/p>\n<p>In the decision of asset management firms, experts saw signs of ongoing engagement with the regulator. They noted a higher probability of addressing all remaining issues to launch the product after the 75 days prescribed by the rules.<\/p>\n<p>As a frontrunner, the SEC analysts named ProShares&#8217; filing. In their view, the regulator may approve applications from competitors as well, so as not to give any one party an advantage. <\/p>\n<p>Analysts again recalled their <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-analysts-criticise-sec-stance-on-bitcoin-etf\">criticism<\/a> of the potential Bitcoin futures ETF. Additional criterion that could shift the SEC&#8217;s position is compliance with the Investment Company Act of 1940.<\/p>\n<p>In early August, SEC Chair Gary Gensler <a href=\"https:\/\/u1f987.com\/en\/news\/gensler-warns-of-tighter-regulation-for-defi-and-stablecoins\">stated<\/a> that an ETF meeting these requirements could be approved.\u00a0<\/p>\n<p>Firms that filed applications to launch Bitcoin futures-based exchange-traded funds, in line with regulator recommendations, were <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-investments-files-for-bitcoin-futures-based-etf\">Valkyrie Investments<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/vaneck-files-for-bitcoin-strategy-etf\">VanEck<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/invesco-files-to-launch-bitcoin-etf-expert-surprised-by-the-circumstances\">Invesco<\/a>, <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1174610\/000168386321004445\/f9424d1.htm\">ProShares<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-applies-to-launch-a-bitcoin-futures-etf-under-the-1940-act\">Galaxy Digital<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/advisorshares-applies-to-launch-a-bitcoin-futures-etf\">AdvisorShares<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full stream of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg analysts predicted that the U.S. Securities and Exchange Commission (SEC) would approve the Bitcoin ETF application by the end of October.<\/p>\n","protected":false},"author":1,"featured_media":48234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,36,128,1211],"class_list":["post-48233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-regulation","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48233"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48233\/revisions"}],"predecessor-version":[{"id":48235,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48233\/revisions\/48235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48234"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}