Bitcoin Climbs Above $60K After Report That SEC Won’t Block Futures ETF

The key cryptocurrency’s price touched $60,300 Friday.

AccessTimeIconOct 15, 2021 at 5:59 p.m. UTC
Updated Oct 15, 2021 at 6:18 p.m. UTC
Christy Goldsmith Romero
Commissioner
U.S. Commodity Futures Trading Commission
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.
Christy Goldsmith Romero
Commissioner
U.S. Commodity Futures Trading Commission
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Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Christy Goldsmith Romero
Commissioner
U.S. Commodity Futures Trading Commission
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.
Christy Goldsmith Romero
Commissioner
U.S. Commodity Futures Trading Commission
Consensus 2023 Logo
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Bitcoin jumped above $60,000 for the first time in almost six months following a report that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC).

As of press time the largest cryptocurrency was changing hands around $59,900, after touching $60,300 earlier Friday.

The SEC is reviewing around 40 bitcoin ETF filings with multiple decision deadlines on futures-linked products hitting next week. According to Bloomberg, the regulator is expected to approve at least some of them, clearing the way for trading to begin.

The SEC does not need to take any formal action to approve the filings. Under federal law, applications can become effective if the SEC allows a mandated deadline to pass by without requesting changes or directing the aspiring issuer to pull the filing.

Bloomberg named applications by ProShares and Invesco as two proposals that may be allowed to launch under this law next week.

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Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.


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Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.