Time When SEC May Approve Blackrock Spot Bitcoin ETF Application

Regarding when the SEC could approve a Blackrock spot bitcoin ETF, litigator Joe Carlasare shared in X: “There's a lot of misinformation out there about the next key dates for the Ishares/Blackrock spot bitcoin ETF application.”

He explained: “Here's the summary: On 9-28-23, the SEC invited the public to provide feedback on the application. Anyone wishing to submit comments has until October 25 to do so. After that, if someone wants to reply to someone else's comment, they have until November 8.” Carlasare notes:

"The SEC typically does not approve regulatory changes or similar proposals until the request for comment period is complete. This comment period is an important part of their regulatory process."

“Typically, after the comment period ends, there is an additional 30-60 days for comment review. Therefore, if a spot ETF gets the green light in 2023, it will likely not be from Blackrock,” he said.

The price of bitcoin soared on Monday, reaching $35,000 before dropping slightly. At the time of writing, BTC is trading at $34,423, up 13% over the last 24 hours.

source : Kevin Helms