The US Securities and Exchange Commission has accepted BlackRock's application for a spotThis comes after Bitwise's application was approved the day before. The SEC's official calendar currently shows that BlackRock's application will be published in the Federal Register and start a 21-day public comment period.included in BlackRock's ETF registration
. The regulator revealed on Friday, July 14, that it is now considering applications for a number of funds, including Wise Origin Bitcoin Trust, WisdomTree, VanEck, and Invesco Galaxy. The competition between firms competing to introduce a Bitcoin ETF in the US is seen favorably for the cryptocurrency industry. A spot Bitcoin ETF is still awaiting approval from the SEC in the US, but it is already on the market in Canada.
BlackRock's filing, which was submitted about a month ago, was updated when the SEC flagged a problem. A provision for "surveillance sharing" including Coinbase was introduced to the updated application.Related Articles
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