FUTURES-BASED BITCOIN ETF HAS ’75% CHANCE OF APPROVAL’ IN OCTOBER, SAYS BLOOMBERG SENIOR ETF ANALYST

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Bitcoin ETF

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A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form.

In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light.

“Yes, the SEC has kicked can on bitcoin ETF approval BUT that is for the physically-backed ones under ’33 Act. The futures ETFs filed under the ’40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct).”

In other trending Bitcoin News today: The Analyst That Nailed Aug and Sep Bitcoin Closing Price Predicts BTC at $63K in October.

PlanB’s BTC predictions for August and September were spot on and his October closing price sees bitcoin tapping $63,000.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cryptopotato.com/the-analyst-that-nailed-aug-and-sep-bitcoin-closing-price-predicts-btc-at-63k-in-october/

https://cointelegraph.com/news/commodity-strategist-predicts-bitcoin-etf-could-get-the-nod-in-us-next-month

https://cointelegraph.com/news/futures-based-bitcoin-etf-has-75-chance-of-approval-in-october-analyst

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