BlackRock’s Anticipated Bitcoin ETF: A Game-Changer for Cryptocurrency Future?

Late yesterday, an official application sparked considerable excitement among cryptocurrency investors. Here, a few points are worth considering. Firstly, in the short term, it is the market expectation rather than the approval of the application that is crucial. Secondly, BlackRock is not just any company. So, what does the future hold for cryptocurrencies? Will Spot Bitcoin ETF Be Approved? We’ve grown accustomed to seeing new Bitcoin ETF applications every month or every few months in bull markets. Numerous companies also have applications under active review. However, the Spot Bitcoin ETF application received last night generated heightened excitement among investors. The application was submitted by BlackRock, and they have never played games before, says Eric Balchunas. Interesting fact: BlackRock has a record of getting ETFs approved by the SEC. Of their 576 applications to date, 575 have been approved. That’s another reason they’re so big; they don’t play games. I’d bet […] The post BlackRock’s Anticipated Bitcoin ETF: A Game-Changer for Cryptocurrency Future? appeared first on COINTURK NEWS.