<span style="font-weight: 400">In accordance with the <a href="https://twitter.com/EricBalchunas/status/1448396000280842243?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1448396656148459521%7Ctwgr%5E%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fnew-tickers-and-ark-filing-shows-bitcoin-futures-etf-approval-imminent-analyst" target="_blank" rel="nofollow noopener">data</a> shared by Eric Balchunas, the Senior ETF Analyst at Bloomberg, there are good signs that the SEC will approve Bitcoin Futures ETF applications from Valkyrie and Ark Invest. Ark Investment Management LLC of Cathie Wood filed for a Bitcoin futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.</span>
<h2><span style="font-weight: 400">Bloomberg ETF Analyst Eric Balchunas Reveals Positive Sign for Valkyrie and Ark Invest </span></h2>
<span style="font-weight: 400">Popular Bloomberg analyst, Eric Balchunas, said that the companies generally update their proposals when they have everything set and ready for launch, suggesting that Valkyrie may soon be shown the green light by the US SEC.</span>

<span style="font-weight: 400">Pointing to the Bitcoin Futures ETF application of Ark Invest, which was sent on October 13 in partnership with 21Shares and whiteAlpha Architect white-label, Balchunas said that the assigned ARKA ticker was yet another good sign that the SEC was set to give a tick.</span>

<span style="font-weight: 400">In addition to this, the analyst said that he is looking for these types of updated prospectus filings referring to the <a href="https://www.cryptoknowmics.com/news/bitcoin-futures-etf-could-be-approved-next-year-says-market-analysts/">ETF</a> application of Valkyrie while determining whether an official SEC greenlight is incoming. He said that the applicants often update the final details prior to the launch and mentioned the fact that nothing can be said for sure in the case of crypto.</span>

https://twitter.com/EricBalchunas/status/1448396000280842243?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1448396656148459521%7Ctwgr%5E%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fnew-tickers-and-ark-filing-shows-bitcoin-futures-etf-approval-imminent-analyst
<h2><span style="font-weight: 400">Balchunas’ Statement Regarding Bitcoin Futures-Backed ETFs</span></h2>
<span style="font-weight: 400">Earlier this month, Balchunas released a statement that this month, ETFs backed by <a href="https://www.cryptoknowmics.com/news/gary-gensler-reiterates-sec-will-lend-its-full-support-to-bitcoin-futures-etf/">Bitcoin Futures</a> have a high chance of getting approved in the month of October. He added to his statement and said:</span>
<blockquote><em><span style="font-weight: 400">“Yes, the SEC has kicked can on Bitcoin ETF approval BUT that is for the physically-backed ones under '33 Act. The futures ETFs filed under the '40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct).”</span></em></blockquote>

Analyst Eric Balchunas Says SEC May Approve BTC Futures ETF Applications of Ark Invest and Valkyrie

Eric Balchunas at Bloomberg said that there are good signs that the SEC will approve Bitcoin Futures ETF applications from Valkyrie and Ark Invest

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Analyst Eric Balchunas Says SEC May Approve BTC Futures ETF Applications of Ark Invest and Valkyrie

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