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BlackRock's Bitcoin ETF Application Expected to Receive Approval from US SEC

June 28 (Cointime) - Bitcoin has surpassed the $30k price level as BlackRock, a major investment management company, has applied for a spot BTC Exchange Traded Fund (ETF). Despite previous rejections due to concerns of fraud and market manipulation, experts predict that the US Securities and Exchange Commission (SEC) is likely to approve BlackRock's request.

The SEC has only allowed ETFs based on Bitcoin futures contracts to operate in the market, but it is believed that BlackRock's application has addressed the commission's concerns.

Bitcoin Bitcoin $90,866.05
+1.04%
Bitcoin BlackRock SEC
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