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SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review By Cointelegraph

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1 Min Read



© Reuters.

The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm application for a spot (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before.

The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock (NYSE:)’s ETF proposal. While it is an initial step in a lengthy regulatory journey, it holds great importance for the Bitcoin community. The SEC’s readiness to explore the idea of a Bitcoin ETF and assess its potential market effects is evident from this acknowledgment.