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<ul> 
 <li>QCP Capital believes that the approval of BlackRock’s Bitcoin spot ETF is not likely in the near future.</li> 
 <li>QCP Capital evaluated BlackRock’s spot Bitcoin ETF application and wrote an assessment report.</li> 
 <li>The report states that the approval of a spot Bitcoin ETF is not likely in the near future due to SEC Chairman Gary Gensler’s attitude towards cryptocurrencies.</li> 
</ul> 
QCP Capital provides an analysis of BlackRock’s spot Bitcoin ETF application, concluding that its approval is unlikely in the near future due to the SEC Chairman’s stance on cryptocurrencies. 
<h2 id="qcp-capital-s-assessment-of-bitcoin-etf">QCP Capital’s Assessment of Bitcoin ETF</h2> 
Recently, several asset management companies have applied for spot Bitcoin ETFs. As the race to obtain the first spot Bitcoin ETF approval heats up, QCP Capital shared its assessment of BlackRock’s application. The report states that a spot Bitcoin ETF is not likely in the near future due to SEC Chairman Gary Gensler’s attitude towards cryptocurrencies. 
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SEC Chairman Gensler’s stance on the cryptocurrency sector represents a barrier to Bitcoin ETFs. Since the world’s largest asset manager, BlackRock, applied to list a spot Bitcoin ETF in the United States, the price of Bitcoin has increased by over 20%. However, QCP Capital suggests that despite the increasing institutional participation in Bitcoin, the current SEC structure will not allow the implementation of spot ETFs. 
Under the leadership of SEC Chairman Gary Gensler, the situation in the crypto sector has become even more complex with the agency filing lawsuits against major crypto exchanges Binance and Coinbase. The update states, “However, we are not confident that a real ETF approval will happen in the near future with SEC Chairman Gensler.” QCP’s view is noteworthy, especially considering that BlackRock has only received one SEC rejection out of 576 applications so far, as highlighted by researchers. 
The post <a rel="nofollow" href="https://en.coinotag.com/qcp-capital-evaluates-blackrocks-bitcoin-etf-application-a-game-changer-for-cryptocurrency-investors/">QCP Capital Evaluates BlackRock’s Bitcoin ETF Application: A Game-Changer for Cryptocurrency Investors?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

QCP Capital Evaluates BlackRock’s Bitcoin ETF Application: A Game-Changer for Cryptocurrency Investors?

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