ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Crypto Channel
  2. SEC Chair Reiterates Bitcoin Futures Support
Crypto Channel
Share

SEC Chair Reiterates Bitcoin Futures Support

Parker DoyleOct 01, 2021
2021-10-01

SEC Chair Gary Gensler reiterated his support for Bitcoin futures-linked products in prepared remarks for the Financial Times “Future of Asset Management North America Conference” on Wednesday. 

Gensler had previously indicated in remarks to the Aspen Security Forum in August that the regulator might look more favorably on ETFs planning on holding Bitcoin futures contracts than products planning to directly hold bitcoin. Soon after those remarks, a number of issuers filed to launch Bitcoin futures products with the SEC. 

Gensler referenced the onslaught of Bitcoin futures filings in his remarks earlier this week, saying, “we’ve started to see filings under the Investment Company Act with regard to exchange-traded funds (ETFs) seeking to invest in CME-traded bitcoin futures,” going on to add, “When combined with other federal securities laws, the ‘40 Act provides significant investor protections for mutual funds and ETFs.” 

Gensler ended the portion of his comments related to crypto assets by saying that he was looking forward to the SEC staff’s review of filings for Bitcoin futures ETFs. 

Despite the long wait for a Bitcoin or Bitcoin Futures-based ETF, it has actually been a good year for investment vehicles with exposure to crypto assets. This year saw the launch of open-ended mutual funds invested in CME-traded Bitcoin futures, which have laid the groundwork for a potential Bitcoin futures ETF. 

The Bitcoin Strategy ProFund one such fund, and it has seen steady growth since its late-July launch, showing that investors are eager for products with exposure to Bitcoin in any form. 

BTCFX primarily holds Bitcoin futures contracts and aims to give investors exposure to Bitcoin through a familiar investment vehicle with multiple layers of investor protections. 

See Also: Why Products Holding Bitcoin Futures Are Different Than Products Holdings Bitcoin

BTCFX invests specifically in “front month” futures contracts, which are the most liquid kind of futures contract, as well as the closest to the underlying asset’s spot price. The fund does not hold bitcoin directly. 

ProFunds affiliate ProShares is one of several issuers with a Bitcoin futures ETF proposal under review at the SEC. However, the regulator has yet to announce a decision on any of the 20-odd crypto asset ETFs currently under review. 

For more news, information, and strategy, visit the Crypto Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X