The Hype of BlackRock ETF (2)

September 2 was BlackRock’s first resolution to apply for an ETF.

Have you read this news carefully? The approval time is 4-6 months. If you calculate it, it will be until the end of the year or the beginning of next year. It is still so long. I think the possibility of the application being approved is relatively high, and the process will be relatively long. Who knows what happened to someone during this period.

There was no official reply from the SEC yesterday. The Federal Reserve’s comprehensive supervision of stablecoins and the cryptocurrency bill may be necessary conditions for the SEC’s approval of spot ETFs. The main reasons for previous disapproval were price manipulation, lack of transparency, and the involvement of different legal currencies. At present, almost none of these problems have been solved or are waiting to be solved.

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