SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review

The Securities and Exchange Commission (SEC) has formally accepted BlackRock's application for a spot Bitcoin exchange-traded fund (ETF) for review. The move is a significant step forward for the potential launch of the country's first spot Bitcoin ETF, and it comes after the SEC has rejected dozens of similar applications in recent years. BlackRock is the world's largest asset manager, with over $10 trillion in assets under management. Its application for a spot Bitcoin ETF is seen as a major…