The long-awaited launch of the Bitcoin ETF may happen on Monday.
Citing “people with knowledge of the matter,” Bloomberg reports that the Securities and Exchange Commission is preparing to approve the country’s first Bitcoin ETF. An anonymous source said:
The regulator will likely allow these products to begin trading next week.
Bloomberg expert Eric Balchunas supported this idea. In his opinion, the ProShares Bitcoin Strategy ETF may become the first, since the SEC must publish a decision on it before October 18.
Deadlines for VanEck and Valkyrie entries are October 25th. Balciunas recently reported that these companies have applied to register ticker symbols for their funds. Usually they are registered at the moment when the product is approved and completely ready for launch.
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According to cointelegraph.com
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