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BlockFi Files Bitcoin Futures ETF SEC Approve October

  • Lending platform BlockFi is the newest to be part of the bitcoin futures ETF race with a brand new registration intention filed with the SEC immediately.
  • ETF analysts are optimistic that the fee will approve as many as 4 BTC futures ETFs in October.
  • The BlockFi Bitcoin Strategy ETF is the final on a queue on the SEC desk, with ProShares up first on the listing.

Bitcoin lending platform BlockFi needs to provide a bitcoin futures exchange-traded fund (ETF) within the U.S., a brand new filing with the Securities and Exchange Commission (SEC) reveals. The agency is the newest to be part of a race that analysts consider might produce some harvest this month.

Bloomberg reported that its ETF analysts are “very bullish on approval” of a bitcoin futures ETF in October, with as many as 4 choices possible to obtain the SEC inexperienced mild. BlockFi’s ETF could possibly be the fifth, but it surely is unlikely to obtain approval earlier than ProShares, Valkyrie, VanEck, or Galaxy, all of which filed first.

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