Next week, the SEC is set to allow the trading of Invesco and or ProShares Bitcoin futures exchange-traded funds (ETFs) go live in what would be a first in the United States, according to CNBC.
A source close to the matter, who wished to remain anonymous, told CNBC that the SEC is unlikely to block the two ETFs, which are not settled in actual BTC but based on futures contracts of bitcoin instead. Both of these were filed under SEC Chairman Gary Gensler, who voiced his thoughts about Bitcoin earlier this year.
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