Grayscale and BlackRock File Updated Applications for Bitcoin Spot ETFs with the SEC
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Today, Grayscale Investments and BlackRock updated their applications for Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC).
These moves come amid a shifting regulatory landscape that has seen a recent court ruling favor Grayscale’s previous application. The financial giants are striving for a coveted regulatory green light to expand Bitcoin investment opportunities in the U.S.
The most recent updates by Grayscale and BlackRock to their respective applications indicate a continued push to make Bitcoin ETFs a reality. On August 29, a federal court supported Grayscale by condemning the SEC’s previous denial of its Bitcoin ETF application as “arbitrary and capricious.”