From Investing.com:

The U.S. Securities and Exchange Commission (SEC) is reviewing applications for the nation’s first exchange-traded funds (ETFs) for cryptocurrencies. Major financial players like BlackRock Inc and Grayscale Investments are preparing to enter the market, signaling potential growth in investments.

Analysts are optimistic about the growth potential of Bitcoin ETFs, despite recent cryptocurrency scandals. The industry is welcoming institutional engagement in a more structured and regulated environment for digital assets.

BlackRock Inc. and Fidelity are taking steps to prepare for their entry into the new market segment, with details of involvement of authorized participants in their revised S-1 prospectus documents.

The SEC is expected to vote on these Bitcoin ETF proposals, following a critical deadline for issuers to submit revised S-1 prospectus documents. This marks a pivotal phase in the regulatory review process.



Read more: BlackRock and Grayscale gear up for Bitcoin ETF market entry By Investing.com