SEC Accepts BlackRock's Bitcoin ETF Application, Signaling Regulatory Review
SEC recognition signals start of formal review process for BlackRock's ETF proposal.
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The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm's application for a Bitcoin (BTC) exchange-traded fund (ETF) after its recognition of a similar application by Bitwise the day before.
The SEC's recognition signals the start of the formal review process for BlackRock's ETF proposal. Although this is a first step in a long regulatory journey, it is of great importance to the Bitcoin community. The willingness of the SEC to explore the idea of a Bitcoin ETF and assess its potential effects on the market is clear from this recognition.
ETFs are investment funds that typically track specific indices and are typically traded on exchanges. In the field of cryptocurrencies, a fund that reflects the value of one or more digital tokens and includes a variety of cryptocurrencies is known as a cryptocurrency ETF.
On Friday, July 14, the regulator announced that it was also reviewing applications for various funds, including Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco Galaxy Bitcoin ETF. This move demonstrates the companies' recognition of the growing demand for regulated bitcoin investment vehicles and their desire to meet the needs of their customers.
BlackRock Inc's entry into the Bitcoin ETF spot race is significant because of its stature in the financial industry. In the filing of a spot Bitcoin ETF by asset manager BlackRock, a "shared oversight" agreement was included, in partnership with cryptocurrency exchange Coinbase. The company's decision to pursue a Bitcoin ETF highlight...
SEC recognition signals start of formal review process for BlackRock's ETF proposal.
News
Join us on social networks
The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm's application for a Bitcoin (BTC) exchange-traded fund (ETF) after its recognition of a similar application by Bitwise the day before.
The SEC's recognition signals the start of the formal review process for BlackRock's ETF proposal. Although this is a first step in a long regulatory journey, it is of great importance to the Bitcoin community. The willingness of the SEC to explore the idea of a Bitcoin ETF and assess its potential effects on the market is clear from this recognition.
ETFs are investment funds that typically track specific indices and are typically traded on exchanges. In the field of cryptocurrencies, a fund that reflects the value of one or more digital tokens and includes a variety of cryptocurrencies is known as a cryptocurrency ETF.
On Friday, July 14, the regulator announced that it was also reviewing applications for various funds, including Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco Galaxy Bitcoin ETF. This move demonstrates the companies' recognition of the growing demand for regulated bitcoin investment vehicles and their desire to meet the needs of their customers.
BlackRock Inc's entry into the Bitcoin ETF spot race is significant because of its stature in the financial industry. In the filing of a spot Bitcoin ETF by asset manager BlackRock, a "shared oversight" agreement was included, in partnership with cryptocurrency exchange Coinbase. The company's decision to pursue a Bitcoin ETF highlight...
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