Bitcoin (BTC) price surpassed $59,000 after the US Securities and Exchange Commission (SEC) tweet about bitcoin exchange-traded funds.
In the statement made on the social media account of the Securities and Exchange Commission, “Before investing in a fund that has bitcoin futures contracts, be sure to carefully weigh up the risks and benefits involved.” expressions were used.
The SEC, led by Gary Gensler, is about several ETFs that plan to invest in bitcoin futures contracts and not directly in bitcoin. as of next week will start to decide.
Following this tweet by the SEC, in a Bloomberg news shared on Friday morning and based on anonymous sources, the SEC’s applications in question. “not likely to turn down” specified.
Bitcoin price on global stock markets in the hours following exceeding $59,500 It’s close to $60,000.
Gensler, in his recent statement on the subject, emphasized not the funds prepared in line with the 1933 law, which planned to invest in spot products, but the funds that included futures contracts and were created in accordance with the 1940 law.
In the news of Bloomberg, especially the applications made by ProShares and Invesco were mentioned. The SEC’s On October 18 and October 19 evaluation is awaited.