Assessing the odds of a Bitcoin ETF being launched by October

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It is no secret that the US Securities and Exchange Commission’s (SEC) approval of Bitcoin ETF is greatly anticipated. While, elsewhere in the world, countries such as Brazil and Dubai have already taken steps in that direction, there seem to be no signs of the same happening in the US anytime soon.

Naturally, the question, “when will the U.S. finally get a Bitcoin ETF?” is looming large lately. Bloomberg’s senior ETF strategist, Eric Balchunas may have somewhat of an answer to this question.

The industry expert recently discussed the same in a series of tweets. According to him, the recent withdrawals of the Ether ETF applications by VanEck and ProShares, may have paved a path for a BTC ETF approval by the end of October this year.

In addition to this, the analyst opined that once a Bitcoin futures ETF gets SEC approval, ProFunds’ bitcoin MF is likely to be (the first one) launched, approximately 75 days post-filing. He tweeted,

“We think Ether withdrawal shows SEC has (a) nose in this rn and…

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