
August 23rd, 2025
Neither the ProShares Bitcoin Strategy ETF nor the Valkyrie Bitcoin Strategy ETF will hold actual BTC.
Fund manager ProShares has reportedly received permission from the SEC to launch a US-based Bitcoin futures ETF tomorrow.
Besides Bitcoin and Ethereum, the remaining eight digital currencies that make up the 10 ten coins on Coingecko contribute more than $30 billion each to the combined crypto market cap.
The increased expectations of an imminent futures-based ETF’s debut on the US markets have spiked activities on the CME this month even though many experts also attribute the new development to stronger participation from state-side institutional investors.
After the hint dropped by Grayscale, a Twitter user ‘svrgnindividual’ raised concerns about the restructure’s impact on investors holding Grayscale’s Bitcoin Trust shares.
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.