BlackRock BTC ETF Likely To Get Green Flag

Bitcoin ETF News: Bitcoin (BTC), the world’s largest cryptocurrency regained the crucial $30k price level as investment management giants like BlackRock moved ahead to register for the spot BTC Exchange Traded Fund (ETF). However, experts familiar with the matter suggest that BlackRock’s request is likely to get approval from the U.S. Securities and Exchange Commission (SEC).

SEC To Wave Green Flag For Bitcoin ETF?

The US SEC has been on a spree of rejecting applications around spot Bitcoin ETF mentioning the risk of fraud and manipulation in the market. However, the commission only allowed ETFs based on Bitcoin futures contracts to operate in the market.

A wave of agreement can be seen among the market experts that BlackRock might succeed this time. It is expected that the US SEC is more likely to give a green light to the application as its concerns have been largely addressed.

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Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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