Bloomberg’s senior ETF strategist, Eric Balchunas, has taken to Twitter to share that recent Ether ETF withdrawals by VanEck and ProShares are a good sign, meaning that Bitcoin futures ETFs may be approved soon.
He referred to a note by Bitcoin intelligence ETF analyst James Seyffart.
Balchunas tweeted that once a Bitcoin futures ETF gets SEC approval, this exchange-traded fund would be launched approximately 75 days later. He cites a new note published by Seyffart earlier today.
The most probable ETF that is likely to be launched, Balchunas says, is the one filed by ProShares.
However, he adds that this company should avoid the first-mover advantage here.
