Cryptocurrency influencer and analyst Crypto Rover has suggested that spot Bitcoin ETFs could begin operating within days of receiving approval.
Crypto Rover social media dated December 22 in the postmade a remarkable post about the spot Bitcoin exchange traded fund (ETF) process. Experienced name, BlackRock’s spot Bitcoin ETF application US Securities and Exchange Commission (SEC) He suggested that it could start trading on the market just a few days after being approved by the company.
SEC’s 1Two ETF units, 9b-4 and S-1 He stated that BlackRock is in close contact with both of these units and that there is a reasonable possibility that the spot Bitcoin ETF will launch within a few days following an approval by 19b-4.
Emphasizing that this is a reasonable expectation, Crypto Rover stated that the spot Bitcoin ETF application Advertising and marketing efforts of companies such as BlackRock and Bitwise He reminded that they had already started:
The BlackRock Bitcoin Spot ETF could launch within a few days of being accepted. The SEC has two ETF divisions, 19b-4 and S-1, and BlackRock is currently negotiating with both. Spot Bitcoin ETF can be expected to launch within a few days of 19b-4 adoption. It is reasonable to expect this because these issuers are already actively running marketing campaigns for their ETFs.