We could finally see the U.S. Securities and Exchange Commission approve of a Bitcoin ETF as early as this month, according to Bloomberg analyst Eric Balchunas.
Details: In a tweet on Saturday, Balchunas wrote that Bitcoin Future ETFs filed under a 1940 law have a 75% chance of approval this month.
Numbers: Balchunas believes that there are 2-1 odds that ProShares Bitcoin Strategy ETF gets approved this month. Galaxy Bitcoin Strategy ETF has 50-1 odds, he writes.
Recent Events: On Friday, the SEC delayed its decision on whether or not Bitcoin ETFs would finally get approved.
Final Thoughts: A Bitcoin ETF would give investors exposure to the cryptocurrency without having to actually own the coins.
Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify crypto trends: https://earlybird.email/
No comments:
Post a Comment