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Gensler Gets Wish as Bitcoin Futures ETF Filings Land

Updated on
  • SEC chief signaled openness to funds based on futures days ago
  • ProShares and Invesco applications arrived in past 24 hours

A few days ago, U.S. Securities and Exchange Commission Chair Gary Gensler signaled that regulators may be more open to a Bitcoin ETF if it was based around futures rather than the cryptocurrency itself. Fund managers are already putting that to the test.

Within the past 24 hours both ProShares and Invesco have registered plans with the SEC for funds based on futures.