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Traders celebrate Bitcoin's impending ETF, but options markets are less certain

Published 10/15/2021, 04:38 PM
Updated 10/16/2021, 06:20 PM

The United States Securities and Exchange Commission, or SEC, is expected to rule on Oct. 18 whether to approve an application from asset manager ProShare Capital Management for a Bitcoin exchange-traded fund (ETF).

As previously reported by Cointelegraph, SEC Chairman Gary Gensler recently suggested that the regulator is more inclined to approve indirect-exposure Bitcoin futures ETFs under the Investment Company Act of 1940.

Bitcoin Oct. 29 call options price in BTC. Source: Deribit

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