When asked whether she thought a Bitcoin futures ETF was going to happen sooner rather than later, Murphy believes “the clock is ticking.” A Bitcoin ETF is already available in other countries, including Canada, but investors have been waiting for one to arrive on the US market for a long time. However, Murphy noted that the SEC had demonstrated a readiness to talk about at least a futures-based Bitcoin ETF. Whatsmore, she highlighted that there are several other ETFs in the registration process that are awaiting final clearance. As for some of them, the SEC is scheduled to respond by the end of this month. Murphy confirmed:
In theory Chicago offers Bitcoin futures trading
The Managing Editor also illustrated that the Chicago Exchange currently offers Bitcoin futures trading in principle and has done so for a couple of years now. Therefore, the argument that there isn’t enough regulation or monitoring does not carry much weight. To this point, she argued: With regards to investors having exposure to cryptocurrency in the ETF space, Murphy mentioned: As a result of investing in blockchain ETFs, Murphy considers that you are essentially investing in the technology underpinning crypto. For example, investors in the BLOK ETF have direct exposure to crypto because it owns three Bitcoin ETFs. Consequently, via an ETF, investors are able to gain access to the market who are not comfortable buying Bitcoin directly and putting it into their account. [coinbase]
