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Is the SEC poised to allow a bitcoin futures exchange-traded fund?

Su Keenan reports. The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.

Are bitcoin ETFs based on futures contracts?

Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”

Is volt equity's ETF the closest to a bitcoin ETF?

The SEC last week gave the go-ahead to Volt Equity's ETF, which tracks stocks with significant exposure to bitcoin - seen as the closest fund to a bitcoin ETF so far. The SEC didn't immediately respond to Insider's request for comment.

Will ETF approval regain April's record high of $64,895?

Its price has been gaining over recent days in anticipation of ETF approval, with many expecting it could regain April's record high of $64,895 before the end of the year.

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