The application process for a Bitcoin spot ETF has been tumultuous.

Samiksha

The journey of applying for a Bitcoin spot ETF in the United States has been tumultuous, dating back to 2013 when the wealthy Winklevoss twins first submitted their application. However, it has faced multiple rejections from the SEC, primarily due to concerns about the significant risks for investors in the Bitcoin market.

In recent years, various financial institutions such as BlackRock have submitted applications for a Bitcoin spot ETF, attracting market attention. According to incomplete statistics, 13 applying entities have had 24 meetings with the SEC, discussing the details of the Bitcoin spot ETF. Recently, Bloomberg ETF analyst Eric Balchunas stated, If we don't see the approval of a spot Bitcoin ETF in the next two weeks, it may be because the SEC wants more time to decide on the matter.

Ritu77

This is indeed quite tortuous.

Iravan774

The process is intricate, but the future is promising.

Kamal531

This process is not easy either.