Sources: the SEC is poised to let the first Bitcoin futures ETFs, from Proshares and Invesco, trade in the US as early as next week
in the case of futures ETFs—is a negative consent model. A company files for one and, if SEC doesn't object within 75 days, good to go. ProShares was first to file, so will be first to list
Bloomberg
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Discussion
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@sec_investor_ed
@sec_investor_ed
on x
Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits. Check out our Investor Bulletin to learn more: https://www.investor.gov/...
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@jeffjohnroberts
Jeff Roberts
on x
A note on Bitcoin ETF: the SEC is unlikely to “announce” anything. The way it works—in the case of futures ETFs—is a negative consent model. A company files for one and, if SEC doesn't object within 75 days, good to go. ProShares was first to file, so will be first to list