Fox Business reported that asset management giant BlackRock has identified obtaining approval from the US 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 the global market. Up to now, the company has had five meetings with the SEC regarding its Bitcoin spot ETF application, with the most recent meeting occurring on Tuesday. It has also submitted multiple amended prospectuses, demonstrating the company’s proactive efforts in advancing the Bitcoin spot ETF.
Furthermore, according to information shared by Bloomberg analyst James Seyffart, SEC staff have held approximately 24 meetings with various ETF applicants, signaling the institution’s increased efforts to launch these ETFs in the new year.
