HomeNewsBreaking News: BlackRock, Fidelity, and Other Bitcoin ETF Applicants Set for Crucial...

Breaking News: BlackRock, Fidelity, and Other Bitcoin ETF Applicants Set for Crucial SEC Meeting: Will Bitcoin’s Price Skyrocket to New All-Time Highs?

- Advertisement -
  • The SEC is set to meet with Bitcoin ETF applicants including BlackRock and Fidelity Investments, marking a significant event in the future of cryptocurrency regulation.
  • The approval of a spot Bitcoin ETF, following the authorization of a leveraged Bitcoin futures ETF, could bear significant implications for the cryptocurrency industry.

In the Eye of a Cryptocurrency Evolution

BlackRock, Fidelity Investments, and several other hopefuls for spot Bitcoin ETFs (Exchange Traded Funds) are preparing to meet with the United States Securities and Exchange Commission (SEC). This crucial discussion follows the resubmission of their applications, now containing key information about surveillance-sharing partners and other requisite details.

The Significance of the Meeting

Meetings between SEC staff and ETF applicants are routine practice following official submissions, primarily to facilitate the assessment of approval or rejection and to elucidate the SEC’s stance. Nevertheless, this upcoming gathering carries a distinctive weight. Bloomberg ETF analysts Eric Balchunas and James Seyffart revealed through Twitter that this meeting is crucial to discuss the potential for spot Bitcoin ETFs and the necessary modifications to existing regulations.

- Advertisement -

The SEC, under Chair Gary Gensler, has notably been consistent in rejecting spot Bitcoin ETFs while approving similar offerings. However, the recent SEC authorization of the Volatility Shares 2x Bitcoin Strategy ETF, the first leveraged Bitcoin futures ETF, may signal a shift in the regulatory landscape. The potential approval of a spot Bitcoin ETF could have particular resonance for the cryptocurrency industry.

BlackRock CEO Advocates for Bitcoin ETFs

Larry Fink, CEO of BlackRock, has underscored his commitment to democratizing cryptocurrency and reducing associated costs through their ETF application in a recent interview. He expressed confidence in their application approval, citing the firm’s positive history of cooperation with regulatory bodies.

>> Buy Bitcoin quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with BTC now. Visit Website <<

- Advertisement -

While originally skeptical due to perceived associations with illicit activities, Fink has since altered his outlook towards cryptocurrencies. BlackRock is now actively pursuing regulatory collaboration to secure approval for their initial spot Bitcoin ETF application.

The Bright Prospects of a Bitcoin ETF

Analysts at Bloomberg align with Fink’s viewpoint, arguing that a Bitcoin ETF could dramatically decrease trading costs, potentially to as low as 0.01%, across major cryptocurrency exchanges. This significant cost reduction showcases the prospective advantages of a Bitcoin ETF compared to traditional crypto exchanges. As the SEC meeting draws near, industry stakeholders, as well as crypto enthusiasts, await the outcomes with bated breath, knowing that the decisions could shape the future trajectory of Bitcoin ETFs.


Best Crypto Exchange for Everyone:

  • Invest in Bitcoin (BTC) and 70+ cryptocurrencies and 3,000+ other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
- Advertisment -spot_img