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 key strategic objective for the company.
BlackRock Group has over 400 ETF financial products in global markets. Up to now, the company has met with the SEC five times regarding its spot Bitcoin ETF application, with the most recent meeting taking place on Tuesday, and has submitted multiple amended prospectuses, demonstrating the company’s proactive approach to advancing the Bitcoin spot ETF.
Furthermore, information shared by Bloomberg analyst James Seyffart indicates that SEC staff have held approximately 24 meetings with various ETF applicants, signaling the agency’s increased efforts to launch these ETFs in the new year.