BlackRock’s filing renewed the hopes of several U.S. traditional finance firms. Here’s the list of companies that have resubmitted their applications.
The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange Commission on June 15.BlackRock’s move spurred several Bitcoin ETF hopefuls to make fresh applications despite repeated rejections from the SEC in the past. The development also triggered a BTC rally that caused the leading crypto asset to soar past $30,000 and chart a multi-month peak.
A spot Bitcoin ETF directly tracks the price of BTC, while a futures Bitcoin ETF would follow the price of the asset’s futures contracts. Shortly after BlackRock’s ETF application, which mentioned Coinbase Custody as its crypto custodian and BNY Mellon as its cash custodian, New York-based asset manager WisdomTreeits filing for approval on June 20. The SEC previously rejected WisdomTree’s spot filing twice, in 2021 and 2022; hence, this is the firm’s third attempt.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nypost - 🏆 91. / 67 Read more »