BlackRock Anticipates Approval of Bitcoin ETF on Wednesday.
According to a report from Fox Business, BlackRock, the world's largest asset manager and one of the companies vying to launch a Bitcoin ETF, expects their registration application to be approved this coming Wednesday.
BlackRock is among the firms that submitted updated Form 19b-4 filings last Friday for proposed physically-backed Bitcoin ETFs, alongside other organizations. The approval of Bitcoin ETFs is eagerly awaited by the crypto community, as it is anticipated to bring in billions of dollars in new funding for the cryptocurrency sector.
