EXCLUSIVE: The SEC is likely to allow the first U.S. Bitcoin futures ETF to begin trading next week,

The link is failing - I'll work on it.

 

I think this is the one you need...

 

Ahh, here it is. You need to learn the interwebs and URLs, man.

https://www.bloomberg.com/news/arti...f-said-not-to-face-sec-opposition-at-deadline

 

I doubt this ETF is going to be a great success.

Look at micro BTC futures volume.
it is rather pathetic at ~ 15k / day
traders are simply not that interested to trade
it.

 

Bitcoin price is up on this "rumor"

Crypto Twitter been talking about this "rumor" for a while, though

I wonder how this will work, being that it's a bitcoin futures ETF

Can investors now purchase this ETF on their IRA's and regular accounts? Are Financial Advisors able to put it in their clients' portfolios?

 

It will be certainly fascinating to see it when it happens - the US is becoming the new global crypto hub.

 

I bet the Treasury and the Fed will love that.

 

I doubt so.

Bitcoin ETF volume is going to be very low.

 

Are you sure?

It's a bitcoin etf that anyone can buy and hold. There could be a lot of interest

 

just look at CME BTC futures and micro BTC futures volume.
after soooo many months / years , the volume is still very pathetic.

In fact, volume was sooo horrific that CBOE had to terminate the BTC futures product.

people are simply not that interested to trade BTC AND micro BTC futures

so people will also not be that interested to trade BTC ETF.


I was hoping that the volume would be high so that I can look forward to profiting massively from the
MOTHER OF ALL MEGA TUPLIPMANIA BITCOIN where the price drops from 5 to 4 to 3 to 2 to 1 digit.
It will definitely happen. Just that I don't know when.