BlackRock expects spot Bitcoin ETF approval next Wednesday: Fox Business
Quick Take BlackRock, the world’s largest asset manager, expects the SEC to approve its application for a spot Bitcoin ETF on next Wednesday, according to a report by Fox Business. The company is also expecting to cut 3% of staff, or about 600 jobs.
The wait for the approval of an exchange-traded fund (ETF) that trades bitcoin directly, known as a spot bitcoin ETF, may be over as soon as next Wednesday.
According to a report in Fox Business, BlackRock, the world's largest asset manager and one of the firms vying to bring a spot bitcoin ETF to market, expects its application to be approved next Wednesday.
BlackRock is one of several firms which submitted updated 19b-4 filings on Friday for proposed spot bitcoin ETFs, alongside Grayscale Investments, Valkyrie, ARK 21Shares and Invesco. The Cboe BZX exchange also filed forms for VanEck , WisdomTree , Pando Asset AG and Franklin Templeton last week.
The approval of spot bitcoin ETFs is greatly anticipated by crypto proponents, who wager that the funds could bring billions in fresh funding into the cryptocurrency sector. The price of bitcoin has skyrocketed in recent months, signaling the market's enthusiasm for the prospect of exchange-traded products that hold bitcoin, rather than merely speculate on the price through futures contracts.
Crypto skeptics, meanwhile, have argued that Bitcoin is too volatile and unregulated to support a healthy market. In a letter to the SEC, non-partisan nonprofit Better Markets, which lobbies for increased financial regulation, said that approving the spot bitcoin ETFs would be "a regulatory mistake of historic proportions."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wang Yongli: The Profound Impact of US Stablecoin Legislation Exceeds Expectations
Crypto assets cannot become the real currency of the crypto world.
CRO’s Sudden Surge Amid Bitcoin’s Rally: Altcoin Momentum and DeFi Recovery in a Bullish Crypto Cycle
- Cronos (CRO) surged 164% weekly amid Bitcoin's $111,000 rally, driven by Trump Media-Crypto.com's $6.4B treasury partnership. - The deal injected institutional liquidity into CRO, expanding its utility in Truth Social payments and boosting TVL by 46.16% in Q3 2025. - Cronos' POS v6 upgrades and $100M Ecosystem Fund position it as a hybrid DeFi-corporate asset, outperforming Bitcoin in percentage gains. - Bitcoin's 59.18% dominance in Q3 2025 highlights a "two-tier" market structure, with altcoins like CR
The High-Stakes Gamble of Celebrity-Backed Memecoins: Why Retail Investors Are Getting Burned
- Celebrity-backed memecoins exploit influencer hype and centralized tokenomics to manipulate prices, leaving retail investors with volatile, utility-less assets. - Insiders hoard 70-94% of supply in projects like YZY and $TRUMP, using liquidity pools and pre-launched allocations to extract millions before crashes. - U.S. regulatory ambiguity enables manipulation via wash trading and sniping, while Canadian authorities demand transparency in promotional arrangements. - Academic studies confirm 82.6% of hig
Horizon: Bridging DeFi and Financial Inclusion Through Consórcio Quotas
- Aave's Horizon project uses blockchain and Chainlink tools to democratize capital access in emerging markets via tokenized real-world assets (RWAs). - Chainlink's ACE and CCIP enable compliance automation and cross-chain interoperability, unlocking $25B in institutional liquidity through structured financing models. - The reimagined Consórcio Quotas model tokenizes cooperative loans with automated KYC/AML checks, expanding financial inclusion while meeting regulatory standards. - Strategic partnerships w
Trending news
MoreCrypto prices
More
