Blackrock's application for a stock market traded Bitcoin index fund accepted by the SEC-start of the examination procedure for the direct ETF

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BlackRock hat von der US-Börsenaufsicht SEC grünes Licht für seinen Antrag auf einen börsengehandelten Bitcoin-Indexfonds (ETF) erhalten. Bereits einen Tag zuvor wurde ein ähnlicher Antrag von Bitwise bestätigt. Damit beginnt nun offiziell das Prüfungsverfahren für den ETF-Antrag von BlackRock. Dieser erste Schritt zeigt die Bereitschaft der SEC, sich mit einem direkten ETF für Bitcoin auseinanderzusetzen und die Auswirkungen auf den Markt zu bewerten. ETFs sind Investmentfonds, die in der Regel bestimmte Indizes nachbilden und an Börsen gehandelt werden. Im Bereich der Kryptowährungen wird ein Fonds, der den Wert eines oder mehrerer digitaler Token widerspiegelt und verschiedene Kryptowährungen abdeckt, als Krypto-ETF …
Blackrock has received the Green Light from the US stock exchange supervision for his application for a listed Bitcoin index fund (ETF). A similar application by BitWise was confirmed the day before. The examination procedure for the ETF application from Blackrock is now officially begining. This first step shows the SEC's willingness to deal with a direct ETF for Bitcoin and to evaluate the effects on the market. ETFs are investment funds that generally imitate certain indices and are traded on stock exchanges. In the area of ​​cryptocurrencies, a fund that reflects the value of one or more digital tokens and covers various cryptocurrencies than crypto ETF ... (Symbolbild/KNAT)

Blackrock has received the Green Light from the US stock exchange supervision for his application for a stock market traded Bitcoin index fund (ETF). A similar application by BitWise was confirmed the day before. The examination procedure for the ETF application from Blackrock is now officially begining. This first step shows the SEC's willingness to deal with a direct ETF for Bitcoin and to evaluate the effects on the market.

ETFs are investment funds that usually imitate certain indices and are traded on stock exchanges. In the area of ​​cryptocurrencies, a fund that reflects the value of one or more digital tokens and covers various cryptocurrencies is called crypto ETF. There are basically two types of ETFs: Futures ETFs and Spot ETFs. Futures ETFs indirectly reflect the course of cryptocurrency based on the associated futures trade, while spot ETFs are based on the course of the respective cryptocurrency.

The SEC also checks the ETF applications for other Bitcoin funds, including Wise Origin Bitcoin Trust, Wisdomtree, Vaneck and Investco Galaxy. Blackrock's entry into the race for the first direct Bitcoin ETF is of great importance due to the reputation of the wealth management company. In your application, Blackrock and the CryptoBörse Coinbase proposed an agreement to monitor together.

The competition between companies that fight for the first Bitcoin ETF in the USA is seen as a positive development for the crypto industry. The chances of success increase with several applications, and the SEC can rate various strategies and concerns.

While the Sec is still hesitating to allow a first direct Bitcoin ETF in the USA, such a financial product is already available in Canada. There are already three important ETFs: Purpose Bitcoin, 3iq Coinshares and Ci Galaxy Bitcoin.