Bitcoin Bull Run: BlackRock BTC ETF Likely To Get Green Flag

Also Read: XRP Bulls Coming In Signals On-Chain Data

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SEC To Wave Green Flag For Bitcoin ETF?

The US SEC has been on a spree of rejecting applications around spot Bitcoin ETF mentioning the risk of fraud and manipulation in the market. However, the commission only allowed ETFs based on Bitcoin futures contracts to operate in the market.

A wave of agreement can be seen among the market experts that BlackRock might succeed this time. It is expected that the US SEC is more likely to give a green light to the application as its concerns have been largely addressed. However, this move can prove to be massive good news for the crypto industry leading it to recover from recent losses.

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