BlockFi Files For Bitcoin Futures ETF

  • Lending platform BlockFi is the latest to join the bitcoin futures ETF race with a new registration intention filed with the SEC today.
  • ETF analysts are optimistic that the commission will approve as many as four BTC futures ETFs in October.
  • The BlockFi Bitcoin Strategy ETF is the last on a queue at the SEC desk, with ProShares up first on the list.

Bitcoin lending platform BlockFi wants to offer a bitcoin futures exchange-traded fund (ETF) in the U.S., a new filing with the Securities and Exchange Commission (SEC) shows. The firm is the latest to join a race that analysts believe could produce some harvest this month.

Bloomberg reported that its ETF analysts are “very bullish on approval” of a bitcoin futures ETF in October, with as many as four offerings likely to receive the SEC green light. BlockFi’s ETF could be the fifth, but it is unlikely to receive approval before ProShares, Valkyrie, VanEck, or Galaxy, all of which filed first.

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