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BlackRock Anticipates SEC Green Light for Spot Bitcoin ETF by January
Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday.
According to the report, citing people familiar with the matter, the $9 trillion asset manager is confident that the approval of the ETF is imminent and will not exceed January.
If approved, the BlackRock’s spot bitcoin ETF application, filed in July this year listing Coinbase as the custodian, would become the first of many exchange-traded funds in the United States, bringing the industry closer to mainstream adoption.
SEC Could Approve Bitcoin Spot ETFs on January 10
Despite having approved a BTC futures ETF in the past, the SEC has pushed back on greenlighting a spot-based ETF.
Earlier this year, the regulator received a multitude of applications seeking to offer spot bitcoin ETFs. The Commission has y
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