The crypto star is in the spotlight, with her approaching her ATH, increasing adoption and approval of futures ETFs. While traders want spot ETFs, the futures ETF holds immense potential to turn the tide in favor of BTC. Internet users expect the futures ETF to help institutional investors flock to Bitcoin exposure. Who were previously concerned about the unregulated crypto market.
Futures ETFs could pave the way for cash futures ETFs. This could give a boost to a FOMO rally, to a greater extent. However, it would not be wrong to expect a price correction afterwards.
According to some reports, Valkyrie’s Bitcoin Futures ETF could launch by October 20 or 21. The Valkyrie Futures ETF was previously approved by NASDAQ a few days ago. Reports suggest that Invesco withdrew its forward ETF application. Allude to its intentions towards a spot ETF in alliance with Galaxy Digital.
Also read: Ethereum (ETH) price in a decisive phase, a breakout could reach $ 4,000, but wait, there is a catch!
Ethereum ETF on the charts
On the other hand, the CEO of Grayscale Investments believes it. It is likely that an ETF based on Ethereum will be approved by the SEC. Following the approval of the Bitcoin futures ETF. In addition, it is officially confirmed, that Grayscale is considering filing a filing with the US SEC. In order to convert his trust from Bitcoin to ETF.
The analyst expects it to take more than a year for the spot ETF to materialize. Perhaps around the fourth quarter of 2022. The SEC’s approval of spot ETFs seems overdone, as they would have done with others already. The futures ETF takes precedence over the spot ETFs here. And future ETFs have a considerable amount of time to celebrate their market share.
In summary, the futures ETF will be one of the main catalysts for the Bitcoin price spike in this bull run. He could propel him to the top of his $ 100,000 milestone. The futures ETF will be a guide for the futures ETF of other cryptos. With spot ETFs in place, we can expect a move in the crypto space.