According to Reuters, the US securities regulator has officially recognized the applications of several prominent firms, including BlackRock, VanEck, WisdomTree, Fidelity Digital Assets, Bitwise, and Invesco. All of these companies have sought approval to introduce a spot BTC ETF (Bitcoin Exchange-Traded Fund) in the United States.
Despite previous attempts from other companies, the Commission has so far withheld approval for such a product.
While the agency is currently considering the possibility of launching a spot BTC ETF in the country, it has already given the green light for a futures-based ETF. In October 2021, the ProShares Bitcoin Strategy ETF received approval - this occurred a few weeks before Bitcoin reached its all-time high, nearing $70,000.
The inclusion of BlackRock, a company with a remarkable track record of
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First found on: US SEC accepts six spot bitcoin ETF proposals for review
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