BlackRock's ETF filing is the 22nd once to occur. All spot ETFs to date have been denied or remain unapproved. What should theirs be approved, considering it will very likely it will be since they have only ever been denied once out of several hundreds of

Crypto ETF filings are nothing new, with them being mainly focused on Bitcoin exposure. They are only now popular and big in public awareness because of everything around Bitcoin's recent volatility and BlackRock's big crypto play in filing an ETF. On this point, BlackRock is about the 14th company or ETF to be filed with the SEC. Precisely every single other spot ETF has been denied by the SEC or a minority of them remain unapproved. Given the very high likelihood BlackRock's will be approved with their 575-1 SEC ETF approval rate, what makes them so special?

Companies with a foundation in crypto, rather than TradFi, Grayscale to the Winklevoss Twins(founders of Gemini) have filed for ETFs and been denied. There are over a dozen other names from TradFi who have also been denied. Many of these companies have had their application denied at least once before and had refiled another one, and a few companies like Cboe and VanEck have even had their spot ETF applications denied multiple times. However, none of them have close to the power and influence of BlackRock. This is a rhetorical question with and obvious answer, but in the almost certainty that BlackRock's spot ETF will be approved, I really question what would have been the SEC's justification this time.

https://www.etf.com/sections/bitcoin-crypto/current-bitcoin-etf-filing-updates

https://cointelegraph.com/news/third-time-s-the-charm-ark-and-21shares-again-file-with-sec-for-bitcoin-etf

https://www.reuters.com/technology/us-sec-rejects-vaneck-spot-bitcoin-etf-application-third-time-2023-03-10/

​