As the U.S. Securities and Exchange Commission’s (SEC) deadline spot Bitcoin ETF decision making nears, firms seeking the approval are queuing up to hold meetings with the Commission officials. This comes amid Bitcoin (BTC) Price uptrend as the anticipation grows in favor of the first ever BTC ETF in the United States.
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Bitcoin ETF Is Key Corporate Priority
Investment manager Blackrock appears particularly keen on having discussions with the agency. The firm has been one of the first to have filed for a spot ETF with the SEC, in June 2023. Clearance for BlackRock Bitcoin ETF could mean a huge institutional exposure to the crypto ecosystem, considering that the firm manages investments to the tune of 9 trillion dollars. Meanwhile, reports suggest that the firm is highly focused on obtaining the approval. FOX Business said in its report:
“Blackrock has made receiving SEC approval for its proposed bitcoin ETF a key corporate priority.”
3 Meetings In One Week
With the most recent meeting on December 19, 2023, Blackrock clocked as many as three meetings with the Commission officials in a space of just 7 business days.
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