Bitcoin hopefuls eagerly await the approval of a BTC ETF, but the U.S. Securities and Exchange Commission has an eight-day window that closes today to approve all spot crypto exchange-traded product applications, and it looks like they’re going to have to wait a little longer. Applications from traditional finance titans like BlackRock, VanEck, and WisdomTree have been submitted, which if approved would allow buyers to gain exposure to BTC without the need to buy and store the crypto asset themselves. Market observers believe this product would open the floodgates from Wall Street and lead to a $1 trillion boost to Bitcoin and other digital assets. The SEC has been reluctant to approve this ETF due to potential market manipulation, but the world’s largest asset manager, BlackRock, entering the conversation has changed prognostications and analysts now say there is a 90% chance of approval by January. #Bitcoin #BTCETF #SEC #BlackRock #CryptoAssets #CryptoNews
You can read more about this topic here: Decrypt: Wen Bitcoin ETF? SEC Delays Roll In as Approval Window Closes
