BlockFi Files Application to Launch a Bitcoin Futures ETF
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Crypto lending platform BlockFi has filed an application with the SEC to launch an exchange-traded fund (ETF) based on CME-listed Bitcoin futures and the provisions of the Investment Company Act of 1940.

The commission chief Gary Gensler said back in August the regulator could approve a compliant ETF. In late September he confirmed his statements.

The application for the launch of the BlockFi Bitcoin Strategy ETF is the seventh in a row based on the latest SEC recommendations. Valkyrie Investments, VanEck, Invesco, ProShares, Galaxy Digital and AdvisorShares have filed their own applications earlier.

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Bloomberg experts predicted in August the commission could approve its first Bitcoin ETF by the end of October. Then, the experts said ProShares' application was their favorite.

Last October 8, the publication's analysts rated the company's odds as 2:1. Overall, with 75% probability, they predicted a positive SEC decision on ETFs based on Bitcoin futures.

Earlier, the agency's experts drew attention to the weaknesses of futures-based Bitcoin ETFs compared to their spot version.

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