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Why the SEC is likely to approve a bitcoin-focused BlackRock ETF
As approvals from the U.S. Securities and Exchange Commission (SEC) have allowed a large number of ethereum futures exchange-traded funds (ETFs) to hit the market, growing speculation suggests the commission will soon do likewise for a spot bitcoin ETF from mega financial institution BlackRock. Perspective: Following a tense appearance before Congress last week, SEC Chair Gary Gensler may be considering regulatory actions that will best inform his future outside of government, and that could mean approving BlackRock’s spot bitcoin ETF application soon. “I’m hearing through the grapevine that Gary Gensler is ... (full story)