BlackRock Urges SEC to Approve Spot Bitcoin and Ethereum ETFs, Calling Distinction From Futures ETFs 'Arbitrary'
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Investment firm BlackRock argues SEC should approve spot Bitcoin and Ethereum ETFs like futures ETFs.
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BlackRock says SEC misusing Investment Company Act of 1940 to block spot crypto ETFs.
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Act's protections don't address crypto spot markets SEC claims to worry about.
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BlackRock says distinction between futures and spot crypto ETFs is arbitrary.
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BlackRock registered trusts for Bitcoin and Ethereum last week, moving towards spot ETFs.