BlackRock filed for a spot Ether ETF in November 2023, with the final deadline for the SEC’s decision slated for May 2024.
The world’s largest asset manager, BlackRock, and 13 other institutional giants got the nod from the United States Securities and Exchange Commission (SEC) to launch the first spot Bitcoin exchange-traded funds (ETF) in the United States on Jan. 10.
BlackRock’s entry in the spot Bitcoin ETF race gave crypto proponents a new sense of optimism because the firm is the world’s largest asset manager, with over $8 trillion in assets under management and an impeccable ETF approval record.
BlackRock had a record of 575 approvals to one ETF rejection in its history, and with spot BTC approval, the record is now 576-1. This was one of the key reasons that made analysts and market pundits sure about a potential approval even before the SEC decided.
