REPORT: SEC LIKELY TO APPROVE BITCOIN EFTs BY NOVEMBER

"Bloomberg's senior ETF strategist, Eric Balchunas, has taken to Twitter to share that recent Ether ETF withdrawals by VanEck and ProShares are a good sign, meaning that Bitcoin futures ETFs may be approved soon.

He referred to a note by Bitcoin intelligence ETF analyst James Seyffart."

SEC Likely to Approve Bitcoin ETFs by November: Bloomberg ETF Experts https://t.co/76FkpoLZmf

— MindFrozenTime BTC CryptoGuy (@MindfrozenT) August 24, 2021

New note out today from @JSeyff re how the Ether ETF withdrawals adds to likelihood that a bitcoin futures ETF will be launched by end of October with ProShares as favorite, altho it could (and arguably should) be a group to avoid first mover advantage. pic.twitter.com/zXFFgmEHw6

— Eric Balchunas (@EricBalchunas) August 24, 2021