The United States Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin
exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before.
The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal. While it is an initial step in a lengthy regulatory journey, it signals the SEC’s readiness to explore the idea of a spot Bitcoin ETF and assess its potential market effects.
Source - Cointelegraph.
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