BlackRock and Bitwise have updated their SEC applications for a Bitcoin ETF, with BlackRock receiving $100,000 in seed capital. The proposed "iShares Bitcoin Trust" aims to invest directly in BTC. Currently, 13 ETF applications are under SEC consideration, and approval of one or more spot ETFs is expected early next year, with Bloomberg analysts estimating a 90% likelihood of approval in January. #BitcoinETF #SECApprovalForecast