Media: First US Bitcoin ETF Launches Next Week

The long-awaited launch of the Bitcoin ETF could happen on Monday.

Citing “informed sources,” Bloombergreports that the Securities and Exchange Commission is preparing to approve the country's first Bitcoin ETF. An anonymous source stated:

The regulator is likely to allow these products to start trading next week.

Bloomberg expert Eric Balchunas supported this idea. In his opinion, the ProShares Bitcoin Strategy ETF may become the first, as the SEC must publish a decision on it by October 18.

VanEck and Valkyrie Deadlines Expiringthe 25th of October. Balchunas recently reported that these companies have applied to register tickers for their funds. Usually they are registered at the moment when the product is approved and is completely ready for launch.

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Based on materialscointelegraph.com