Reasons for Waiting for Approval of Requested Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) is carefully reviewing applications for approval of BlackRock's Bitcoin-related ETFs. The SEC's primary concerns include investor protection, potential market manipulation, and the safety of underlying assets. Regulatory authorities seek to ensure that financial products linked to cryptocurrencies meet rigorous standards before being approved. Deadlines and decisions depend on the in-depth evaluation of these aspects.