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BlackRock Requests SEC Ensures Fair Competition for ETFs.

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BlackRock questions the SEC’s stance, claiming comparability in spot and futures crypto ETFs, sparking speculation over the SEC’s prospective approval flip.

Key Points

  • The SEC’s stance on spot crypto ETFs has been explicitly challenged by BlackRock.
  • According to BlackRock, the SEC’s preference for specific actions is meaningless.
  • Analysts predict a 90% chance of SEC approval for a spot crypto ETF.

As the market gains traction and investors closely monitor the ebb and flow, the idea of a Bitcoin spot ETF looms large, set to be the next trigger propelling us to unparalleled all-time highs.

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BlackRock’s SEC Attack

BlackRock has challenged the SEC on the alleged discrepancy in regulation between spot-crypto ETFs and their futures counterparts. BlackRock’s petition for an Ethereum ETF received confirmation, directly criticizing the SEC’s reluctance to approve spot crypto ETFs while welcoming their futures counterparts.

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The SEC’s reluctance to allow spot-crypto ETFs arises from the perceived regulatory strength and improved safeguards associated with futures ETFs.

BlackRock claims that the SEC’s preference for specified actions does not apply to Ethereum-based ETFs. Both futures and spot ETFs, according to the financial behemoth, are derived from the same fundamental market.

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No logical basis for refusing Ethereum ETF.

One noteworthy point advanced by BlackRock is that, given the SEC’s faith in the Chicago Mercantile Exchange’s market surveillance, there is no logical reason for dismissing the application for an Ethereum spot ETF.

Analysts anticipate a potential breakthrough, suggesting that the SEC may approve a spot crypto ETF in the near future. Bloomberg experts are particularly upbeat, putting the chance at 90%, with the event possibly occurring before January 10 of next year.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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