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BlackRock: ETF applications still under review
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[QUOTE="eliasisaac5, post: 326607, member: 102377"] BlackRock confirms that the Securities and Exchange Commission of the United States continues to examine its application for a Spot Bitcoin ETF, which is currently pending. The confirmation follows Cointelegraph's report that the Agency has decided to launch an exchange-traded fund called iShares Exchange Traded Fund for Spot Bitcoins. In addition, BlackRock is one of several financial institutions trying to launch the largest spot bitcoin exchange-traded fund in the US. The quest to gain approval for a SpotBitcoin ETF in the United States is one of this year's most significant developments within the digital asset sector. There seems to be a proliferation of applications on numerous platforms at the Securities and Exchange Commission. These applicants, in particular, are from traditional finance powerhouses to crypto companies. Yet a report from yesterday's session, in which approval was supposedly given, seemed to confirm this. However, conflicting news reports have confirmed this because BlackRock said that its application for an exchange-traded fund of SpotBitcoin continues to be evaluated. Now, the fascinating process of getting an ETF for Spot Bitcoin in the U.S. is still going on. The quest to gain approval for a SpotBitcoin ETF in the United States is one of this year's biggest news stories within the digital asset sector. As it turned out, applications from numerous platforms had flooded the Securities and Exchange Commission. These applicants, in particular, come from traditional finance giants to crypto companies. However, a news story from earlier this evening seems to say that approval has been granted. However contradictory reports have confirmed this because BlackRock has said that the SpotBTC ETF application is currently being reviewed. Finally, we're going to keep seeing a mysterious process that eventually gets the Spot Bitcoin ETF into the U.S. [/QUOTE]
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BlackRock: ETF applications still under review
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