Quick TakeThe launch of the ProShares Futures ETF marks a turning point in the US regulatory stance towards bitcoin structured products; but is a futures-based ETF really what investors want?Approval of a spot bitcoin ETF in the near future remains uncertain as SEC chairman reaffirms the committee’s concerns regarding unregulated exchangesCurrently, 25 bitcoin ETF applications have been filed with the SEC with 9 decision deadlines set before year-end