![Breaking News: US Congress Members Urge SEC to Approve Bitcoin ETFs](https://captainaltcoin.com/wp-content/uploads/2023/09/TRB-COIN-2.png)
The Securities and Exchange Commission (SEC) is widely expected to approve several Bitcoin exchange-traded funds (ETFs) in the coming months. But how long after SEC approval could these eagerly anticipated Bitcoin ETFs actually launch?
Eric Balchunas, Senior ETF Analyst at Bloomberg, says SEC will likely approve the rule change filings (Form 19b-4) for Bitcoin ETFs in the “not so distant future.” After approval, there will be a gap of time while the SEC prepares the registration statements (Form S-1). Once the S-1 filings are approved, Balchunas estimates the Bitcoin ETFs could launch within days.
When asked about potential approval for Ethereum ETFs, Balchunas said it would likely not be too long after Bitcoin ETFs are given the green light. However, he expects the SEC will want to observe the Bitcoin ETFs functioning for some time first before approving Ethereum funds.
Last month, Bloomberg analysts assessed the probability of SEC approval for Bitcoin ETFs at around 90%. With this regulatory milestone appearing imminent, the launch could follow in a matter of months according to Balchunas.
Investors are eagerly awaiting SEC-approved and fully-regulated Bitcoin ETFs. The launch of these funds would provide simplified access to digital asset exposure for retail and institutional investors alike. While uncertainties remain, analysts are increasingly confident that Bitcoin ETFs are on the horizon for 2023.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.