Fox Business reported that asset management giant BlackRock has identified “obtaining approval from the U.S. Securities and Exchange Commission (SEC) for its Bitcoin spot ETF” as a significant strategic goal for the company.
BlackRock Group has over 400 ETF financial products in global markets. As of now, the company has had five meetings with the SEC regarding its Bitcoin spot ETF application, with the most recent meeting occurring on Tuesday. It has also submitted multiple amended prospectuses, indicating the company’s active efforts in advancing the Bitcoin spot ETF.
Additionally, according to information shared by Bloomberg analyst James Seyffart, SEC staff has held approximately 24 meetings with various ETF applicants, signaling the institution’s heightened efforts to launch these ETFs in the new year.
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