SEC comments on Blackrock's application for a Bitcoin ETF and signals possible approval by the end of 2023

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Die US-Börsenaufsicht SEC hat eine offizielle Kommentarphase zum Antrag von BlackRock auf einen Bitcoin ETF gestartet. Beobachter deuten dies als positives Zeichen dafür, dass die SEC möglicherweise erstmals die Genehmigung für einen solchen ETF erteilen könnte. In den USA wird seit Wochen darüber spekuliert, ob die SEC einen Bitcoin ETF zulassen wird. Bislang hat die Behörde alle Anträge abgelehnt, zuletzt Ende Juni. Dennoch geben namhafte Unternehmen wie BlackRock nicht auf und reichen zusätzliche Unterlagen ein, um ihre Bitcoin ETFs genehmigt zu bekommen. Besonders viel Aufmerksamkeit wird dabei BlackRock zuteil, da das Unternehmen bereits viele andere ETFs erfolgreich bei der SEC …
The US stock exchange supervision SEC has started an official comment phase for Blackrock's application for a Bitcoin ETF. Observers interpret this as a positive sign that the SEC could possibly give approval for such an ETF for the first time. In the USA, speculation has been speculated for weeks whether the SEC will allow a Bitcoin ETF. So far, the authority has rejected all applications, most recently at the end of June. Nevertheless, well -known companies such as Blackrock do not give up and submit additional documents to get their Bitcoin ETFs approved. Blackrock is given a lot of attention, since the company has already successfully received many other ETFs at SEC ... (Symbolbild/KNAT)

The US stock exchange supervision SEC has started an official comment phase for Blackrock's application for a Bitcoin ETF. Observers interpret this as a positive sign that the SEC could possibly grant approval for such an ETF for the first time.

In the USA, speculation has been speculated for weeks as to whether the SEC will allow a Bitcoin ETF. So far, the authority has rejected all applications, most recently at the end of June. Nevertheless, well -known companies such as Blackrock do not give up and submit additional documents to get their Bitcoin ETFs approved. Blackrock is given a lot of attention, since the company has already successfully enforced many other ETFs at the SEC. Now Blackrock has revised its Bitcoin ETF documents at the SEC and the SEC officially released them for comment.

There are 21 days for the commentary and the only fact that the SEC asks the public for your opinion about a Bitcoin ETF is interpreted by experts as a reference to a possible approval. Blackrock plans to launch his Bitcoin ETF through the subsidiary iShares Bitcoin Trust in collaboration with Coinbase. The revised version of the application gives further details on how Blackrock wants to ensure a fair price determination and protect Bitcoin ETF from market manipulation. The company thus refers directly to earlier criticisms of the Sec.

In addition to Blackrock, at least four other companies are currently trying to approved a Bitcoin ETFS: Wise Origin Bitcoin Trust, Wisdomtree Bitcoin Trust, Vaneck Bitcoin Trust and Investco Galaxy Bitcoin ETF. The topic is of great importance for investors, since the approval of a Bitcoin ETFs in the USA could mark the starting point for a price increase. Bitcoin (BTC) is the best -known cryptocurrency and difficult to integrate into their portfolios for many institutional investors, as there is no ETF based on the spot market. If Blackrock or other companies manage to convince the SEC, a lot of new capital could flow into Bitcoin and continue to drive the price.

It remains to be seen how the SEC will decide in the next few months. So far, the authority has been not very crypto-friendly this year and has even taken legal action against Binance and Coinbase. On the other hand, the SEC recently suffered a difficult legal setback against Ripple (XRP). In the coming months, it will be shown whether this development will result in the SEC giving up its blockade compared to a Bitcoin ETF.

It remains exciting whether a first Bitcoin ETF will be approved in the United States in 2023. Investors and crypto enthusiasts pursue this development with great attention because it could have a significant impact on the Bitcoin market.