According to sources close to the events, officials from the U.S. Securities and Exchange Commission (SEC) recently presented new recommendations. According to the well-known journalist Colin Wu, citing Fox Business, these recommendations indicate that the approval of Bitcoin ETFs is planned for January 10, 2024. For BlackRock, this has become a significant priority in their corporate strategy.
Representatives of companies that have applied for such products believe that the SEC may approve multiple applications simultaneously. There have been no official comments from the regulator yet. If these events indeed take place in early 2024, it will be a significant step towards the widespread adoption of cryptocurrencies in the United States.
Such a decision may be influenced by increasing public pressure on the SEC Chairman, Gary Gensler. This became relevant after a decision by the U.S. District of Columbia Circuit Court limited his authority in the regulation of cryptocurrencies.
Information that SEC representatives have been urging major asset management companies to use cash to purchase ETF shares rather than Bitcoin cryptocurrency has also become known.
Similar discussions also involve the second most popular cryptocurrency, Ethereum (ETH). Previously, Gary Gensler expressed the opinion that most cryptocurrencies should be considered as securities. However, according to Fox Business, Larry Fink, the founder and CEO of BlackRock, referred to BTC as a "global asset" and a "store of value." He expressed confidence that this currency can compete with gold.
