Analysts predict that the US Securities and Exchange Commission may approve the Bitcoin futures ETF in October

The U.S. Securities and Exchange Commission (SEC) may approve Bitcoin (BitcoinAccording to Bloomberg ETF experts, futures exchange-traded products (ETF) will be completed by the end of October.

Bloomberg ETF analysts Eric Balchunas and James Seyffart, release An investor report on Tuesday showed that the ether was suddenly withdrawn last week (Ethereum) VanEck and ProShares’ futures ETF proposal may trigger the SEC to approve the Bitcoin ETF.

“VanEck and ProShares quickly withdrew their proposal for an Ethereum futures ETF, which bodes well for potential Bitcoin futures ETFs because the US Securities and Exchange Commission allows these applications to remain active. It may be launched as early as October, and we I think the SEC should allow several at the same time to avoid issuing first-mover advantages,” the analyst said.

Balchunas pointed out that ProShares’ Bitcoin futures ETF is one of the proposals most likely to be approved by the U.S. securities regulator. He added: “We think the withdrawal of Ether indicates that the SEC now understands this and is in contact with the issuer, which should mean resolving any issues so that they can launch 75 days after submitting the application.”

related: Europe prepares to launch its first Bitcoin futures as U.S. ETFs are at an impasse

The latest Bitcoin futures ETF forecast was released shortly after the sudden appearance of asset management companies VanEck and ProShares Withdrew their application for the Ethereum ETF Only two days later Archive file With the US Securities and Exchange Commission. However, some Bitcoin futures ETF applications are still active, asset management companies such as Valkyrie, ProShares, Invesco and VanEck Submitted Bitcoin futures ETF documents earlier this year.

As previously reported by Cointelegraph, SEC Chairman Gary Gensler recently recommended that regulators May be open to approving Bitcoin futures ETF According to the Investment Company Act of 1940.