According to Mister Crypto (@misterrcrypto), the BlackRock Spot Bitcoin ETF is expected to be accepted by the end of this year, contrary to popular belief that it will be accepted in March 2024.
Mister Crypto argues that many people focus solely on the final deadlines for filings by major asset managers like BlackRock, which is indeed in March 2024. However, what often goes unnoticed is that Ark’s final deadline for the same Bitcoin ETF filing is set for January 10th at the beginning of the upcoming year.
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Show more +He also points out that BlackRock aims to be the first to launch a Spot Bitcoin ETF, as missing out on this opportunity would mean losing out on significant potential fees and income. Mister Crypto suggests that the ETFs are likely to be accepted on a date when nobody expects it and that all the ETFs will probably be accepted simultaneously.
Therefore, according to Mister Crypto, the SEC will have no choice but to either accept all ETFs by the end of this year or in the very early part of next year. This perspective offers a different angle on the timeline for the acceptance of Bitcoin ETFs and is worth considering for those interested in cryptocurrency investments.
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