# Bitcoin ETF 🚀 *Author: Ryan Sean Adams* *Published: Oct 16, 2021* *Source: https://www.bankless.com/fr/bitcoin-etf-* --- ![Image](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/f75e5fce-11e7-4567-84e6-39c59e39d802_1116x317.png) --- *We just released our [epic podcast with Andrew Yang](https://bankless.ghost.io/early-access-forward-with-crypto) for Premium subscribers. Do not miss!* [Listen to our episode with Andrew Yang!](https://bankless.ghost.io/early-access-forward-with-crypto) --- Dear Bankless Nation, We’ve been asking the SEC for a Bitcoin ETF [since 2013.](https://www.businessinsider.com/winklevoss-bitcoin-etf-2013-7) *Is it really about to happen?* There are serious rumors of a [U.S. Bitcoin ETF approval](https://www.cnbc.com/2021/10/15/the-sec-is-poised-to-allow-the-first-bitcoin-futures-etfs.html) next week. Both ProShares and Invesco have BTC futures exchange-traded funds lined up to start trading next week. If they don’t get blocked, they go live. And rumor has it that the SEC [does not plan on blocking them](https://www.bloomberg.com/news/articles/2021-10-15/bitcoin-futures-etf-said-not-to-face-sec-opposition-at-deadline). ![Gary Gensler (@GaryGensler) | Twitter](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/96061725-7f6e-4cde-9bc7-e85f5d792894_400x400.jpg)*The face of the man that’s going to send crypto 🚀🚀🚀* More evidence…. Valkyrie’s Bitcoin Strategy ETF is an investment product that features a list of companies holding BTC on their balance sheet. It was [approved](https://mobile.twitter.com/julianhosp/status/1449026319388495874) on Friday. Meanwhile, in Europe, Jacobi Asset Management [received approval](https://www.prnewswire.com/in/news-releases/jacobi-asset-management-receives-approval-to-launch-the-world-s-first-tier-one-bitcoin-etf-877768561.html) yesterday for a tier-one BTC ETF which will be listed on the Europe Cboe. All of this happened within the past two days. This is big. I personally think the ETF **will happen next week**. And yet the skeptic in me can’t help wondering if this is just an olive branch from Gary Gensler right before he takes a chunk out of some other area of crypto. Yet there remains hope while we have people in government like Hester Pierce. Commissioner Pierce in her epic [Lawless in Austin](https://www.sec.gov/news/speech/peirce-2021-10-08) speech last week explained crypto to her peers using terms familiar to Bankless—crypto as the Journey West. > *The West of the past called to people who were chafing against the staid and stale societies of the East and looking to throw themselves into building a new future in a more promising place.  The Western frontier was a place for the adventurous, the rough around the edges, the idealists, the free-thinkers, and the restless.* The idealists. The free-thinkers. The restless. The rough around the edges. That’s us. That’s crypto. Watch [this video](https://www.youtube.com/watch?v=wgDRz9Jn1NU&t=2958s) with our comments on the speech. 🔥 Then take some time to [read it in full](https://www.sec.gov/news/speech/peirce-2021-10-08). (*She even quoted Bankless!)* Once again I’m reminded that crypto is a battle for hearts and minds. Regulators aren’t machines. They’re not evil. They're people with values, beliefs, and independent thoughts. They’re [just like us](https://www.youtube.com/watch?v=wgDRz9Jn1NU&t=2958s). Our job is to show them why crypto is good for the world. We have tailwinds now. A Bitcoin ETF is coming. We’re winning regulators to our cause. There’s renewed bullishness in the air… We might even have a political party as an advocate… > [](https://twitter.com/BanklessHQ/status/1448761318274580498) The only question left is… When Ethereum ETF? Here’s what’s lined up for next week: - Epic podcast with Andrew Yang (*[early access here](https://bankless.ghost.io/early-access-forward-with-crypto))* - The case for why crypto is good for the enviornment - We teach you how to get paid by DAOs Have a great weekend everyone. - RSA *P.S. [Zerion](https://bankless.cc/Zerion) recently launched some killer NFT features. Just plug in your wallet and start flexing your jpegs!* --- **🙏 Sponsor: **[Lido](https://bankless.cc/Lido)—simplified and secure liquid staking for digital assets. --- ### **Recap for the week of October 11th, 2021** --- #### 🎙️ **[WEEKLY PODCAST EPISODE](https://youtu.be/1880RYS9f2Y)** [RSS Feed](http://podcast.banklesshq.com/rss) --- #### **ACTION RECAP **📚 - **Execute** [any good market opportunities you saw in Market Monday](https://bankless.ghost.io/crypto-fixing-climate-change/) - **Collect **[NFTs on Layer 2](https://bankless.ghost.io/how-to-collect-nfts-on-layer-2/) - **Read **[about the next big unlock for DAOs](https://bankless.ghost.io/the-next-big-unlock-for-daos/) 🔥 - **Earn **[the best yields on your crypto money](https://bankless.ghost.io/the-best-yields-on-eth-usd-and-btc/) - **Share **[why you’re in crypto](https://bankless.ghost.io/why-are-you-in-crypto) #### **WATCH & LISTEN **🔊 - 🎙️ Listen to [The Future of MakerDAO | Rune Christensen](https://bankless.ghost.io/87-the-future-of-makerdao-rune-christensen) - 📺 Watch [The Rise of Rari Capital | Jai Bhavnani](https://bankless.ghost.io/the-rise-of-rari-capital-jai-bhavnani) - 📺 Watch [Layer Zero: Pet3r Pan](https://bankless.ghost.io/pet3r-pan-layer-zero) - 📺 Watch [Panel: Crypto Gaming | Loot, Yield Guild, Illuvium](https://bankless.ghost.io/crypto-gaming-panel-loot-squad-yield) - 📺 Watch [Rollup: Coinbase NFTs | BTC ETF | DeFi 2.0 | Andrew Yang](https://bankless.ghost.io/-rollup-coinbase-nfts-bitcoin-etf) - 📺 Watch [TL;DR | Why DeFi 2.0 is Exploding](https://youtu.be/EesfdvEHvNc) #### **METAVERSAL **🧙‍♂️ - **Live **[the NFT way](https://bankless.ghost.io/the-nft-way-) - **Level up **[on Axie Infinity Economics 101](https://bankless.ghost.io/axie-infinity-economics-101) - **Mint **[Music NFTs on Ethereum](https://bankless.ghost.io/how-to-mint-music-nfts-) #### **BANKLESS DAO **🏴 - [Decentralized Arts #8](https://banklessdao.substack.com/p/decentralized-arts-8-october-11) - [The Scribe’s Quill #1](https://banklessdao.substack.com/p/the-scribes-quill-october-11-2021) - [Dev Guild Weekly](https://banklessdao.substack.com/p/dev-guild-weekly-october-11) --- ### Weekly Subscriber Perks 🔥 *Bankless Premium Members get access to perks like these:* - **Early Access: **[Forward with Crypto | Andrew Yang](https://bankless.ghost.io/early-access-forward-with-crypto) - **Full Access: **[Best yields on BTC, ETH, and USD](https://bankless.ghost.io/the-best-yields-on-eth-usd-and-btc/) - **Exclusive: **[Debrief for The Future of MakerDAO](https://bankless.ghost.io/exclusive-debrief-the-future-of-makerdao) - **Full Access: **[Crypto fixing climate change | Market Monday](https://bankless.ghost.io/crypto-fixing-climate-change/) *[Launch your own raffle](https://poap.fun/) for Bankless Badge holders! 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Includes [archive access](https://bankless.ghost.io/archive), [Inner Circle](https://bankless.ghost.io/welcome-to-the-inner-circle-wave) & [Badge](https://bankless.ghost.io/claim-your-bankless-token-badge-801)—[(pay w/ crypto)](https://commerce.coinbase.com/checkout/33c9a628-6af7-460e-9e00-c20114f1433d) [Subscribe now](#/portal/signup) --- #### **🙏Thanks to our sponsor** # **[Lido](https://bankless.cc/Lido)** 👉 [Stake your crypto assets on Lido—now supports ETH, SOL, and LUNA](https://bankless.cc/Lido) Lido lets users stake their assets and receive a tokenized derivative that automatically earns daily rewards. With Lido, your staked assets can be used across the DeFi ecosystem. You can lend, borrow, and more with your assets while maximizing your yield. 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I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our [investment disclosures here](https://bankless.ghost.io/bankless-disclosures/).* --- *This article is brought to you by [MetaMask](https://www.bankless.com/fr/sponsor/metamask-1776260643?ref=bitcoin-etf-)*