The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.
The regulator isn’t likely to block the products from starting to trade next week, said the people, who asked not to be named while discussing the decision. Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”
https://ift.tt/3mXYiQ3
Business
Bagikan Berita Ini
Related Posts :
Here's a complete trader playbook for every outcome from the key Fed meeting - CNBC- Retail Sales Fell in May, in Latest Sign of a Bumpy Recovery - The New York Times
- Dow Jones Today, Nasdaq Futures Dip After Record Close; Cleveland Cliffs Rallies On Guidance, Copper Prices Tank - Investor's Business Daily
- MacKenzie Scott donates $2.7B, cites fortune 'enabled by systems in need of change' - NBC News
- Rising oil prices put Fed's Jerome Powell in a tough spot amid inflation worries, Jim Cramer says - CNBC
0 Response to "SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms - Bloomberg"
Post a Comment