SEC accepts BlackRock’s Bitcoin ETF utility, signaling regulatory evaluation

The US Securities and Alternate Fee (SEC) has accepted BlackRock’s utility for a spot (BTC) exchange-traded fund (ETF) following its acknowledgment of an identical utility by Bitwise the day earlier than.

The SEC’s acknowledgment signifies the graduation of the official evaluation course of for BlackRock’s ETF proposal. Whereas it’s an preliminary step in a prolonged regulatory journey, it indicators the SEC’s readiness to discover the thought of a spot Bitcoin ETF and assess its potential market results.

Proceed Studying on Coin Telegraph