Seeking Alpha
2021-10-15 12:40:33

Bitcoin aims to re-take 60K on news of an imminent Bitcoin Futures ETFs

The U.S. Securities and Exchange Commission will reportedly not stop ProShares from launching the first U.S. Bitcoin futures ETF next week. Bloomberg cited unnamed sources as saying that the agency "isn't likely" to halt the firm from rolling out the new ProShares Bitcoin Futures ETF, whose application the agency must rule on Monday. That means the fund could start trading on Tuesday. Bitcoin (BTC-USD) jumped up overnight by 3.6% as day traders and investors have piled into the crypto asset. Market participants are on the edge of their seats in what appears to be a foregone conclusion that a Bitcoin Futures ETF will be coming to market any day. Bitcoin has now jumped to $59,866 from yesterday's close. In addition, the crypto asset has surged +35.8% for the month of October as market participants hope to see Bitcoin retouch the $60K handle, which it has not seen since April 18. An approval will put

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