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News Explorer — SEC Formally Accepts BlackRock Spot Bitcoin ETF Application

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Jul 15, 8:39 pm
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SEC Formally Accepts BlackRock Spot Bitcoin ETF Application

BlackRock's application for a spot Bitcoin ETF has been added to the SEC's official docket, advancing the most closely-watched Bitcoin-related proposal to date. The application, filed a month ago, prompted optimism in the crypto market and led to additional filings from other prominent players. A spot Bitcoin ETF, which tracks the value of Bitcoin without holding the asset directly, has been described as a holy grail for the industry. With BlackRock's application now on the SEC's official calendar, it will trigger a 21-day public comment period.

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