BlackRock Files for Bitcoin ETF Approval Amid Growing Industry Optimism of SEC Green Light in Early January
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BlackRock received $100k in seed funding from an unknown investor for a proposed spot bitcoin ETF, revealed in an SEC filing.
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Companies like Fidelity, Invesco, Grayscale, and others are waiting for SEC approval for a spot bitcoin ETF.
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Bitcoin is up over 20% for the month as sentiment grows bullish on approval hopes.
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Analysts anticipate one or more spot ETFs will get SEC approval around January 5-10.
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Grayscale won a lawsuit against the SEC regarding converting their Bitcoin trust to an ETF, but unclear if they'll be among the first approvals.