The United States Securities and Exchange Commission is under pressure to accept spot Bitcoin ETF applications as deadline looms.
They have already accepted BlackRock’s refiled application sparking speculation that approval could be granted.
Deadline For Approvals On The Horizon
The clock has started ticking for the United States Securities and Exchange Commission (SEC) to approve or reject BlackRock’s application for a spot Bitcoin exchange traded fund. According to the SEC’s official calendar, BlackRock’s application for a spot Bitcoin ETF will be published in the Federal Register and kickstart a 21-day comment period. The application has been added to the SEC docket as part of the rule change process.
The development is a significant milestone for the application being considered by the Securities and Exchange Commission. The world’s largest asset manager had submitted its original application in June. However, the Securities and Exchange Commission knocked back the applic
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