The U.S. Securities and Exchange Commission has posted a tweet about investing in funds that have bitcoin futures contracts. The tweet has generated optimism in the crypto community about the possibility that the regulator will soon approve bitcoin exchange traded funds (ETFs), particularly those that invest in bitcoin futures.

Optimism grows that the SEC will approve a Bitcoin Futures Exchange Trade Fund (ETF)

The official Twitter account of the SEC’s Office of Investor Education and Advocacy tweeted Thursday, “Before you invest in a fund holding bitcoin futures contracts. Make sure to carefully weigh the potential benefits .”

The tweet references an investor bulletin jointly published in June by the SEC’s Office of Investor Education and Advocacy and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach. The bulletin urges “investors considering a fund with exposure to the bitcoin futures market to weigh carefully the potential risks and benefits of the investment.”

Comments flood Twitter, from people speculating about whether the SEC will soon approve an ETF for bitcoin futures. Many simply said, “bullish .”

One Twitter user wrote, “They probably wouldn’t post this if it wasn’t going to get approved.” Another commented, “Posting this would indicate with great likelihood a BTC ETF is coming, possibly next week.” A third person said, “This is a clear indication of what is to come very very soon.” As Bitcoin.com News reported, the SEC could approve several bitcoin strategy ETFs this month.

Bloomberg senior ETF analyst Eric Balchunas stated:

Getting closer: The SEC just tweeted out an edu bulletin they wrote back in June re bitcoin futures and ‘funds that hold bitcoin futures.’ Clearly good sign and we [are] upping our odds to 85%.

Balchunas pointed out another indication that approval for a bitcoin ETF may be imminent. “Valkyrie just updated its bitcoin futures ETF prospectus. This is a rare event that happens when there are ducks in row and they are ready for launch. Their ticker $BTF was added, but there is no fee. He tweeted Wednesday, “Can’t claim this is done deal evidence, but a positive sign IMO.”

Some people have cautioned that the Thursday tweet by the SEC does not mean that a bitcoin ETF has been approved.

Trader and economist Alex Kruger observed: “Market interpreting the SEC post as bitcoin futures ETF odds increased dramatically but note that the SEC had posted this exact thing back in June .”

Balchunas further detailed that the last time the SEC tweeted this bulletin was on July 26, one day before the Profunds’ bitcoin strategy mutual fund “went effective” and two days before it launched. He concluded that Proshares ETF would trade on Mon or Tue if the pattern holds (which was our prediction all along ).”

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The crypto community hopes that the SEC will approve Bitcoin Futures ETFs. Gary Gensler, Chairman of the SEC, has repeatedly stated that he is open for this type investment. He also said that he looked forward to the staff’s review of bitcoin futures ETF filings.

Do you think the SEC will approve a bitcoin ETF this year? Comment below.

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