BlackRock, the world’s largest asset manager, according to a report is expecting the United States Securities And Exchange Commission (SEC) to approve the application for spot Bitcoin ETF by Wednesday.
Some of the applicants include Invesco, Greyscale, ARK 21 shares, and Valkyrie. Other applicants include Asset AG, Franklin Templeton, VanECk, and Wisdom Tree.
Investors, companies, and individuals are waiting for approval by the SEC as it would be a big boost for this crypto industry.
Billions of dollars would be invested in crypto space after the approval of a spot Bitcoin ETF by the SEC. The price of Bitcoin and other altcoins has seen a massive jump in the last few weeks citing the approval of spot Bitcoin ETF.
Last Friday, the United States Securities and Exchange Commission (SEC), stock exchanges, and investment companies met to discuss the minor changes in the spot Bitcoin ETF filings.
Asset managers should now disclose fees or identities of market makers for their Exchange-traded Funds(ETFs) to the SEC. The updates are due on Monday and could become public on the same day or the next couple of days.
Also read: BitMEX Co-Founder believes Bitcoin could crash by 30%, Here’s why