BlackRock Forecasts Positive SEC Decision on Bitcoin ETF by January 10th, According to Sources

BlackRock, the world’s largest asset manager, is reportedly anticipating approval for its spot Bitcoin (BTC) exchange-traded fund (ETF) application from the U.S. Securities and Exchange Commission (SEC) on January 10th, according to Fox Business. 

This potential approval could mark the first instance of a crypto investment product directly tracking Bitcoin’s spot market price on the public stock market. BlackRock has enlisted JPMorgan and Jane Street as authorized participants (APs) for the ETF, a move considered by analysts as a strategic flex. 

While other asset managers like ARK Invest, Valkyrie, and Wisdom Tree also await SEC decisions on their ETF applications, BlackRock’s proactive steps position it as the first contender officially ready for this milestone.

Clever Robot News Desk 9^th January 2024