BlackRock Spot Bitcoin ETF Application: Still Awaiting SEC Approval
The burning question in the crypto world: Is the BlackRock Spot Bitcoin ETF approved? The answer, currently, is no. The iShares Spot Bitcoin ETF application is still under review by the SEC, causing continued anticipation and speculation within the market.
SEC Continues Review of Spot Bitcoin ETF Proposals
The United States Securities and Exchange Commission (SEC) has once again deferred its decisions regarding multiple proposals for spot Bitcoin exchange-traded funds (ETFs). This ongoing review process, which includes BlackRock's application, is being closely monitored by investors and industry experts alike.
“The iShares Spot Bitcoin ETF application is still under review by the SEC,” said a BlackRock spokesperson. This confirmation highlights the ongoing nature of the process and cautions against premature celebration.
Rumors and Misinformation Surrounding ETF Approval
Recent speculation underscores the high level of interest surrounding spot Bitcoin ETFs. Crypto news site Cointelegraph first posted the rumor on X, leading to temporary market volatility.
Cointelegraph, a popular crypto news outlet, issued an apology on Octo, after posting a false tweet claiming that the US Securities and Exchange Commission (SEC) had approved a spot Bitcoin ETF. This incident serves as a reminder to rely on official sources and verified information when tracking these developments.
The SEC's Acknowledgment of Applications
The United States Securities and Exchange Commission (SEC) has officially acknowledged receiving spot Bitcoin exchange-traded fund (ETF) applications from traditional financial institutions, including BlackRock. While acknowledgment confirms receipt, it does not guarantee approval. The rigorous evaluation process continues.
What's Next for the BlackRock Bitcoin ETF and the SEC?
The SEC's review process involves a comprehensive assessment of market stability, investor protection, and regulatory compliance. Until the SEC announces a decision, speculation will likely continue. Stay tuned for updates as we track the progress of the BlackRock spot Bitcoin ETF application and other spot Bitcoin ETF proposals under consideration by the SEC.