🤑🤑 SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review 👍
BlackRock's application to offer a spot Bitcoin exchange-traded fund (ETF) has been added to the official docket of the Securities and Exchange Commission as part of its proposed rule change process. The move, recorded late Thursday, advances the most closely-watched Bitcoin-related proposal to the SEC to date.
The application for the iShares Bitcoin Trust was filed nearly a month ago, prompting a new wave of optimism across the crypto market, and additional filings for spot Bitcoin ETFs from a number of other prominent players, including from firms like Invesco, Wisdom Tree, Bitwise, and Fidelity—which saw its previous application rejected last year along with those from other contenders.
