SEC has postponed the decision-making on the approval of Blackrock’s spot Bitcoin ETF application The […]
The next update on the application would follow in October 2023making a decision on Blackrock’s spot Bitcoin Exchange Traded Fund [ETF] application. The company is the latest in the line of delays announced today. And, with this move, Blackrock would now have to wait till October 2023 for the SEC to reach a decision.for a spot Bitcoin ETF on June 15, with Coinbase onboarded to the plan as its custodian.
The company was among the first ones to apply for a spot Bitcoin ETF this year, followed by other firms Moreover, the firm’s CEO – Larry Fink –Notably, the Securities Commission announced that it has delayed making a verdict on other spot Bitcoin ETF applications. This includes Fidelity Wise Origin Bitcoin Trust, Invesco Galaxy Bitcoin ETF, Valkyrie Bitcoin fund, VanEck Bitcoin Trust, and WisdomTree Bitcoin Trust.
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