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The SEC has released a tweet about funds holding BTC futures – expectations of the upcoming ETF approval are rising

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The US Securities and Exchange Commission (SEC) tweeted about investing in funds that hold BTC futures contracts. This has created optimism in the crypto-community that the regulator may soon approve exchange traded funds (ETF), especially those that invest in BTC futures.

There is growing optimism that the SEC will soon approve ETF for BTC futures

The official account of the Office of Education and Advocacy of the SEC was released on Thursday at Twitter:

“Before investing in a fund that holds BTC futures contracts, carefully consider the potential risks and benefits.”

Tweet refers to an investor bulletin issued jointly by the SEC and CFTC in June on funds and BTC futures. Twitter has been flooded with comments from people speculating that the SEC will soon approve ETF BTC futures. Many people simply wrote “bullish”.

One user said, “They probably wouldn’t have published it if it hadn’t been approved.”

Is this a clear indication of what will come very soon?

Eric Balchunas, Bloomberg’s chief ETF analyst, said:

The SEC has just tweeted with a link to an education bulletin they wrote in June about BTC futures and the funds that hold BTC futures. Clearly a good sign and we increase our chances to 85%. ”

Balchunas mentioned another sign that BTC ETF approval may be on the decline. “Valkyrie has just updated its prospectus for BTC futures ETFs (which usually only happens when everything is ready to go). I cannot say that this is proof of the type of agreement, but a good sign of the IMO. “

With an investor bulletin released in June and the SEC tweeting a similar report on investing in funds that hold BTC futures at the time, some people have warned that Thursday’s tweet does not imply approval by the ETF.

Economist and trader Alex Kruger commented: “The market interpreting this SEC contribution as a chance for BTC futures ETFs has increased dramatically, but note that the SEC released the same in June.”

The crypto-community hopes the SEC will approve the ETF for BTC futures, as SEC President Gary Gensler has repeatedly indicated that it is open to this type of investment. He also said he was looking forward to staff reviewing and evaluating BTC futures ETF applications.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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