• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Wednesday, July 2, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

BlackRock’s Bitcoin ETF faces another setback as SEC delays decision

Nishita Masih by Nishita Masih
2 years ago
Reading Time: 2 mins read
0
0
0
SHARES
2
VIEWS
FBXLinkedinWhatsAppTelegram

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the application of BlackRock, the world’s largest asset manager, for a spot Bitcoin exchange-traded fund (ETF). This is the seventh Bitcoin ETF application that the SEC has delayed on Aug. 31, 2023, amid growing demand and interest from investors.

What is a Bitcoin ETF and why is it important?

A Bitcoin ETF is a type of investment product that tracks the price of Bitcoin and allows investors to buy and sell shares of the fund on a regulated exchange. A Bitcoin ETF would provide investors with exposure to the cryptocurrency market without having to deal with the complexities and risks of buying, storing, and securing Bitcoin directly.

Bitcoin ETF
Bitcoin ETF

A Bitcoin ETF would also increase the liquidity, transparency, and efficiency of the Bitcoin market, as well as attract more institutional and retail investors to the space. A Bitcoin ETF would also potentially reduce the premium that some investors pay to access Bitcoin through other vehicles, such as trusts or funds.

Why did the SEC delay BlackRock’s Bitcoin ETF application?

BlackRock filed its application for the iShares Bitcoin Trust in June 2023, with Coinbase Custody as the planned custodian of the fund’s Bitcoin holdings and the Bank of New York Mellon as the administrator of its fiat accounts. The iShares Bitcoin Trust aims to offer investors access to Bitcoin markets without having to have direct exposure to BTC itself.

However, the SEC has not yet approved any Bitcoin ETF applications in the U.S., citing concerns over market manipulation, investor protection, custody, valuation, and liquidity. The SEC has repeatedly extended its review periods for various Bitcoin ETF applications, seeking more public comments and information from the applicants.

On Aug. 31, 2023, the SEC announced that it would defer its decision on BlackRock’s Bitcoin ETF application until Oct. 25, 2023, making it the seventh application to receive a delay on that day. The SEC also postponed its decisions on the applications from Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, Bitwise, and VanEck.

What are the chances of a Bitcoin ETF approval in the U.S.?

Despite the delays, some analysts and experts remain optimistic that a Bitcoin ETF approval in the U.S. is inevitable and imminent. They point to the growing adoption and acceptance of Bitcoin by mainstream institutions, regulators, and investors around the world.

For instance, Canada has already approved several Bitcoin ETFs since February 2023, which have attracted significant inflows and trading volumes. Moreover, Grayscale Investments, the largest digital asset manager in the world, recently won a lawsuit against the SEC over its attempt to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The court ruled that the SEC failed to provide sufficient reasons for denying Grayscale’s application and ordered it to reconsider its decision.

ShareTweetShareSendShare
Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

Related Posts

hdfc mutual fund innovation fund 2025 nfo

HDFC Bets Big on Disruptive Growth with Launch of Innovation Fund

2 hours ago
Lee Seo Yi South Korean actress 2025 Instagram tribute

South Korean Actress Lee Seo Yi Dies at 43, Leaves Behind a Legacy of Grace and Talent

2 hours ago
us dollar index chart 2025

Dollar’s Steepest Slide in Over 50 Years Rings Global Alarm Bells

2 hours ago
Lee Jung Jae Squid Game 3 Netflix global premiere

Squid Game 3 Shatters Global Streaming Records, Becomes Netflix’s Fastest-Rising K-Drama Ever

1 day ago
Michael Saylor bitcoin keynote BTC Prague 2024

Strategy’s $531.9 Million Bitcoin Grab Lifts Holdings to 597,325 BTC as Capital Engine Roars

1 day ago
Lhuan-dre Pretorius batting 2025 Zimbabwe Test

Teen Prodigies Shine Bright as Lhuan-dre Pretorius and Smriti Mandhana Etch Their Names in Cricket History

2 days ago
indian stock exchange trading floor

Nifty, Sensex Set for Subdued Start as Investors Await Global Cues

2 days ago
karlach baldur's gate 3 character close-up

Baldur’s Gate 3 Turns One—But Karlach’s Mind Flayer Ending Still Haunts Fans

4 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

Polyethylene Waste

Researchers Develop New Method to Tackle Polyethylene Waste

2 years ago
genetic disorders

IVF and PGT: How to prevent genetic disorders in India

2 years ago
eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
NOW Entertainment soon to Start Selling American Hustle82 Apparel

NOW Entertainment soon to Start Selling American Hustle82 Apparel

8 years ago
E-cigs Products in Classrooms

Is It Right to Ban the Juul and Other E-cigs Products in Classrooms?

8 years ago
Ryan Van Wagenen

Ryan Van Wagenen Expects Continued Growth for the Silicon Slopes

7 years ago
Working Remotely: Benefits for Employers and Employees

Working Remotely: Benefits for Employers and Employees

7 years ago
Benefits of installing Solar on your house

Benefits of installing Solar on your house

7 years ago
Casino Hacked using a Smart Thermometer

Casino Hacked using a Smart Thermometer

7 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.