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The Race for a Bitcoin Spot ETF, Wall Street’s New Crypto Exchange
The bid for the first Bitcoin spot exchange-traded fund (ETF) in the United States has gained significant traction following BlackRock’s recent application. In this article, we will explore the latest developments in the race for a Bitcoin ETF, including BlackRock’s initiative and the growing interest from both existing and new players seeking approval from the U.S. Securities and Exchange Commission (SEC). Additionally, we will discuss the launch of a new crypto exchange supported by Wall Street titans despite the current regulatory landscape. Lastly, we will highlight the ongoing struggles faced by crypto pioneers such as Binance.US and Gemini.
BlackRock’s Application: Breathing New Life into the Race for a Bitcoin ETF
BlackRock’s recent application for a Bitcoin spot ETF has injected fresh momentum into the pursuit of a regulated cryptocurrency investment vehicle. While it remains uncertain whether the SEC will grant approval, BlackRock’s entry has revitalized the race and renewed hopes for a Bitcoin ETF in the United States. The application has sparked interest and increased activity among other players looking to gain regulatory permission for their own crypto ETF offerings.
