Bitcoin (BTC) is up 1.06% in the last 24 hours. The SEC has recently told Nasdaq and Cboe Global Markets, which has filed applications on behalf of BlackRock, Fidelity, and other asset managers, that the filings are not clear or comprehensive enough. Following this development, BlackRock, the world’s largest asset manager, has re-applied for a spot Bitcoin ETF. The fact that the SEC has requested that the filings be more detailed instead of rejecting them has created a positive atmosphere in the cryptocurrency market. This development may also have a positive impact on BTC.
