🚀 BlackRock's Score: 576-1. Anticipating a Spot Ethereum ETF
postedΒ 11 Jan 2024
The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.
The odds improved notably following Grayscale's successful legal challenge against the SEC, which had initially rejected the conversion of their GBTC into a spot Bitcoin ETF.
With the approval of this spot ETF, BlackRock's impressive track record now stands at 576 approvals against just one rejection in its history of ETF registration applications.
Attention now turns to the SEC's upcoming decision regarding a spot Ethereum ETF, particularly since BlackRock and Fidelity both filed for such a fund last November.
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