
May 30th, 2025
Since the news broke out that the SEC could be set to approve a Bitcoin futures ETF application, the flagship crypto asset, for the first time since its April crash, managed to go above $60,000 again.
The rumors of a delay in the approval process of the Bitcoin futures product can end up bad for the Bitcoin price, as investors were keen on buying BTC, expecting an ETF approval in October.
The Bitcoin Revolution ETF from Volt will track the companies that have a significant number of Bitcoins on their balance sheet.
The SEC boss has doubled down on support for a Bitcoin futures ETF despite not yet approving multiple applications that had been already submitted.
Bloomberg Intelligence’s senior commodity strategist expects the arrival of Bitcoin ETF in the US next month that could propel the Bitcoin price rally to $100,000.
Known for its funds cutting across the decentralized finance (DeFi) ecosystem, the Bitwise Bitcoin ETF product, if approved, will also explore investments in safer financial instruments.
Fidelity executives also highlighted the massive adoption of Bitcoin across the world and, particularly, in the United States as another reason why the commission should be thinking of approving a Bitcoin ETF.
The new crypto fund will help Bain Capital boycott needless stress, and still attract investors who wish to gain exposure to the digital currency world.
According to Sonnenshein, the SEC would be making a mistake if it approves Bitcoin-based ETF in the US before granting approval for one tied to the crypto itself.
This year, at least 19 issuers have indicated they are looking to launch any crypto ETF. About 12 of them focus on Bitcoin.
Regulators in the United States now have additional exchange-traded funds (ETF) to consider as it was revealed that Galaxy Digital, an investment management firm in the crypto space, has filed for a Bitcoin futures ETF.
Goldman Sachs plans to create an ETF linked to companies like Nokia, Facebook, Microsoft etc. The ETF will mimic the German Solactive Index.
Crypto exchange Coinbase believes that the US SEC is slowly warming up to Bitcoin derivative products as the market continues to expand with higher institutional participation.
Global X Bitcoin Trust ETF will reflect the performance of the price of Bitcoin minus the accrued expense of the trust.
A recent industry report shows that the fund-of-fund unit for the banking giants will help in onboarding crypto strategies for portfolio managers who actively trade in cryptocurrencies.