A Twitter user (@hufhaus9) has created a visual timeline outlining the SEC’s response deadlines for the approval of BlackRock’s Bitcoin spot ETF.
Just 10 days ago, the renowned global investment firm with $10 trillion in assets applied for a groundbreaking Bitcoin spot exchange-traded fund in the United States.
First deadline: August 12, 2023
Second deadline: September 26, 2023
Third deadline: December 25, 2023
Final decision: February 23, 2024
If granted approval, BlackRock will be able to purchase BTC directly from the spot market, potentially utilizing platforms like Coinbase, on behalf of its clients.
With the BTC halving and these deadlines coinciding, the first quarter of 2024 promises to be an exciting period!
