The Securities and Exchange Commission is expected to approve a few spot price bitcoin exchange traded funds, ETFs, this week.
Earlier in the week, 10 companies, including BlackRock, the world’s largest asset manager, submitted their final amendments to register bitcoin ETFs. Former SEC Chairman Jay Clayton, speaking on CNBC, said, “I think approval is inevitable, and I think there is nothing left to decide.” Some of the largest U.S. financial institutions are involved in the launch of the first spot price bitcoin ETFs, including JP Morgan, Fidelity Investments, and, as noted above, BlackRock.
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