Upcoming Bitcoin ETF is Expected to Launch in Q4
CryptoNewsTerminal Staff08 Aug, 2024
Upcoming Bitcoin ETF is Expected to Launch in Q4
Bitcoin ETF options are likely to launch in the fourth quarter of this year, according to Bloomberg Intelligence analyst James Seyffart. The U.S. Securities and Exchange Commission (SEC) has a deadline of Sept. 21 to make a final decision on the proposal, after which the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC) would need to approve it. If approved, this would be the first ever Bitcoin ETF in the United States. The launch of a Bitcoin ETF is expected to increase the accessibility and legitimacy of Bitcoin, and could lead to a surge in demand for the cryptocurrency.
