Hot Development: The SEC has agreed to review Blackrock’s spot Bitcoin ETF application.

Bitcoin has been active with the recent application of a Bitcoin spot ETF by Blackrock, the world’s largest institutional asset manager.

Many companies have similarly filed with the SEC after Blackrock’s application.

However, the SEC did not examine these applications due to some shortcomings and requested that they be revised.

Blackrock and other companies reviewed their applications, filled in the missing places, and reapplied.

The newly submitted application has been accepted for review by the SEC. So the SEC has agreed to review Blackrock’s application for a Bitcoin ETF.

Also SEC; VanEck, Invesco, Fidelity, and Galaxy Digital also approved to review the application.

*This is not an ETF endorsement. The SEC has just announced that it has given approval to review the application. This was already an expected result.