Crypto spot ETF: BlackRock pushes the SEC into a corner
The SEC (Securities and Exchange Commission) continues to keep the suspense alive in the case of numerous pending approvals for Bitcoin spot ETFs. A situation that is starting to irritate within the ranks of traditional finance players. To the point where the founder of the investment fund ARK Invest, Cathie Wood, points the finger at her boss Gary Gensler as the sole real obstacle to overcome in this matter.
An irritation that also seems to affect the world's leading asset manager, BlackRock. Especially since this finance giant completed its registration file with an official request for a spot Ethereum ETF.
"As the Commission has already approved ETFs that provide exposure to futures contracts on ETH, whose price is itself based on the underlying spot market of ETH, the sponsor believes that the Commission should also approve ETPs that offer exposure to spot ETH."