Eric Balchunas and James Seyffart, both ETF experts with Bloomberg, released an investor note on Tuesday suggesting that the United States Securities and Exchange Commission could approve a Bitcoin ETF after VanEck and ProShares abruptly withdrew their Ether futures ETF proposals. The analysts said:
Two days after submitting the paperwork for their Ether ETFs, VanEck and ProShares withdrew their applications. However, their Bitcoin ETFs are still active and await the approval of the SEC.
SEC Chair Gary Gensler recently hinted at the possibility of approving a Bitcoin futures ETF under the Investment Company Act of 1940. He also admitted that Bitcoin was as real as it could get, although volatile.
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Source: Cryptocurrency - investing.com
