BlackRock: the Bitcoin spot ETF could arrive as early as Wednesday.

BlackRock, the world’s largest asset management company, is hopeful that the Securities and Exchange Commission (SEC) will approve its request for a spot Bitcoin ETF by next Wednesday. This news comes as several other major asset managers, including Fidelity and Grayscale Investments, have also filed updated 19b-4 forms for proposed Bitcoin ETFs. The approval of Bitcoin spot ETFs is eagerly awaited by the cryptocurrency community, as it is expected to attract billions of new investments. However, critics argue that the volatility and lack of regulation in the Bitcoin market could compromise market stability. Meanwhile, Grayscale Investments has taken a significant step towards the inclusion of its GBTC fund as a spot Bitcoin ETF, reaffirming its commitment to collaborate with the SEC. The outcome of the SEC’s decision on Bitcoin spot ETFs is eagerly awaited by the cryptocurrency industry, with many asset managers competing for approval in this space.