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BlackRock ETF controversy

The basis for this surge in market optimism is the listing of BlackRock (NYSE:BLK). However, that listing was quickly removed, causing growth to slow.

All signs point to BlackRock, along with other major market players such as Fidelity and Invesco, eventually joining the ETF race. However, if the official launch is delayed, we could witness an equally rapid price correction.

In this case, the final decision rests with the US Securities and Exchange Commission (SEC), which has the authority to issue approvals for the creation of specific funds.

Notably, Paul Grewal, CoinBase's director of legal affairs, emphasizes that the SEC will likely bow to the growing pressure and greenlight the product.

Adding fuel to the fire is a recent US court decision obliging the commission to reconsider the application of Grayscale, which intends to launch its own Bitcoin ETF.
#G-Team #G-TeamNews #BTC #etf