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US SEC gives green light for first Bitcoin futures ETF trading

The bitcoin price surged past $59,000 local time on Thursday after Bloomberg reported that the SEC allowed Bitcoin futures ETFs to be traded.

According to coindesk, Bitcoin rallied Thursday following a Bloomberg report that the Bitcoin Futures Exchange Fund (ETF) reached an agreement with the US Securities and Exchange Commission (SEC). publicity The top cryptocurrency was up 3.5% in less than an hour, approaching $60,000 for the first time since May, according to CoinGecko.

Meanwhile, the SEC is reviewing about 40 Bitcoin ETF filings with multiple deadlines for futures-linked products next week. According to Bloomberg, regulators expect at least some approval. To open the way for trading to begin

However, the SEC does not need to take any formal action to approve filings. under federal law The application is effective if the SEC allows the mandated deadline without requesting a change or directing the issuer who wishes to withdraw the application.

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