It’s official: the SEC has accepted and acknowledged the application submitted by BlackRock to issue a spot Bitcoin ETF on the US market.
However, this acknowledgement only means that the SEC has deemed the application legitimate and complete, after sending it back at first due to some shortcomings.
Thus, it does not mean at all that the application has been granted, or that the ETF has been approved. It just means that the SEC has taken over the application and will evaluate it.
The lengthy official document states that the commission is now soliciting comments on BlackRock’s application so that it can then have all the information it needs to make a decision.
It is worth noting that the ETF will be listed on the Nasdaq, and indeed it is the Nasdaq that is requesting to be able to list the iShares Bitcoin Trust by amending Nasdaq Rule 5711(d) entitled “Commodity-Based Trust Shares.”
The iShares Bitcoin Trust will be managed by iShares Delaware Trust Sponsor LLC, an in
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