FX.co ★ SEC may approve Bitcoin futures ETF

Bloomberg analysts believe that by October of this year, the US Securities and Exchange Commission (SEC) can approve Bitcoin futures ETF.

The investment company Valkyrie Investments thinks that it will be the first in line for SEC approval of the first bitcoin ETF in the United States, writes Bloomberg. This is due to a feature that allows smaller companies to confidentially submit applications for new offers. Two months ago, Valkyrie was one of the first companies to request regulatory approval for a futures fund.

In addition, Bloomberg reported that billionaire Simon Nixon is going to increase his investments in cryptocurrency, joining more super-rich people in the world who use digital currencies.

PayPal aims to expand cryptocurrency services in the UK.

According to Bloomberg, PayPal has announced a new cryptocurrency service in the UK that allows customers to buy, store and sell digital assets. The company's statement notes that the service will be deployed this week, which will be the first international expansion of the crypto service outside the US.

Earlier this month, the Senate approved measures aimed at promoting regulation of the cryptocurrency industry through a bipartisan infrastructure bill. However, some representatives of the industry and the national security service warn that this proposal could inadvertently push illegal cryptographic transactions to markets inaccessible to the US government, writes Dow Jones. This worsens the threat to American companies, government agencies, and individuals.