The premium on bitcoin futures has doubled this month as investors wager that the SEC will soon approve the first futures-based bitcoin ETF
Investors are betting the first U.S.-listed bitcoin exchange-traded fund is about to get the go-ahead.
Securities regulators could rule as early as next week on as many as four applications for ETFs that will buy futures contracts rather than the cryptocurrency itself. Over the next two weeks, the Securities and Exchange Commission may either approve, reject or delay the proposals ProShares, Valkyrie Investments, Invesco and VanEck submitted in August.
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