Daily Trade News

Traders celebrate Bitcoin’s impending ETF, but options markets are



© Reuters

The United States Securities and Exchange Commission, or SEC, is expected to rule on Oct. 18 whether to approve an application from asset manager ProShare Capital Management for a exchange-traded fund (ETF).

As previously reported by Cointelegraph, SEC Chairman Gary Gensler recently suggested that the regulator is more inclined to approve indirect-exposure Bitcoin futures ETFs under the Investment Company Act of 1940.

Bitcoin Oct. 29 call options price in BTC. Source: Deribit