Bitcoin

The potential approval of BlackRock&#39;s Bitcoin ETF is a significant development that could fuel the ongoing Bitcoin bull run. Major industry figures, such as Michael Saylor, co-founder of the business intelligence company MicroStrategy, have <a href="https://www.youtube.com/watch?v&#61;riftrvAs9HE" rel="noopener noreferrer nofollow">expressed</a>optimism about the future of Bitcoin and believe that the involvement of investment giants like BlackRock, Citadel, and Fidelity could drive the price of Bitcoin to reach an astonishing $1,000,000. Additionally, Saylor has emphasized that Bitcoin&#39;s surge would have a global impact and potentially reshape economies worldwide.A renowned investment management firm BlackRock has made a significant move in cryptocurrency by <a href="https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm" rel="noopener noreferrer nofollow">filing</a> for a spot Bitcoin Exchange Traded Fund (ETF). This development has sparked optimism among experts, who believe the application would likely receive approval from the U.S. Securities and Exchange Commission (SEC). If successful, this could profoundly impact the crypto industry, potentially aiding its recovery from recent losses.The SEC has historically been cautious about approving spot Bitcoin ETFs, citing market manipulation and fraud concerns. However, the commission has <a href="https://www.sec.gov/Archives/edgar/data/1174610/000168386321006052/f10028d1.htm" rel="noopener noreferrer nofollow">allowed</a> ETFs based on Bitcoin futures contracts to operate. Nevertheless, there is growing consensus among market experts that BlackRock might secure approval this time, as the company has effectively addressed the SEC&#39;s concerns.Read full article at <a href="https://cryptotale.org/blackrocks-bitcoin-etf-filing-boosts-crypto-industry-upcoming-bull/" rel="noopener noreferrer nofollow">CryptoTale.</a>

BlackRock's Bitcoin ETF Filing Boosts Crypto Industry Upcoming Bull

CryptoTale

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