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Surge in paperwork at the SEC as the deadline for the spot Bitcoin ETF is coming close.
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BlackRock, expecting delays as they have not heard from the SEC.
BlackRock, an asset management firm grappling for approval of a Bitcoin ETF, reports that they are not hearing from the SEC. The deadline for the spot Bitcoin exchange-traded fund (ETF) approaches on January 10. The U.S. regulatory is reportedly swamped with paperwork.
As the date of decision on Bitcoin ETF approaches the SEC faces a growing workload. BlackRock has not received any communications from them that suggest the pending work.
The U.S. Securities and Exchange Commission is expected to inform applicants on Tuesday, January 2, or Wednesday, January 3 about the clearance to launch a Bitcoin exchange-traded fund (ETF). If allowed, this would give the applicants time to prepare for the potential launch on January 10.
What Do Analysts Express?
Eleanor Terrett from Fox Business comments
“Peopl
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