[SERIOUS] Two weeks from today is the SEC's deadline to respond to Blackrock's spot Bitcoin ETF application.

Blackrock filed an application for spot Bitcoin ETF on 6/15/23. SEC found flaws in initial filing so Blackrock refiled. In their new filing submitted on it's behalf by Nasdaq, Blackrock included new provision for surveillance sharing agreements, which would allow them to detect manipulation and fraud in Bitcoin market. Surveillance sharing agreement was also one of the main objections SEC has raised when rejecting applications for spot Bitcoin ETFs

source; bloomberg

new filing, source; nasdaq listing

Blackrock's record of their ETF applications getting approved is almost perfect. Out of 576 ETF applications Blackrock has only once had an ETF it proposed rejected by the SEC in 2014.

More detailed surveillance sharing agreement might convince SEC to approve spot bitcoin ETF, but if Blackrock's application is delayed there is little to no chance any other applications are approved this year.

While Blackrock seems confident into their filing and approval, on the other side is SEC which is yet to approve first spot bitcoin ETF, do you see Blackrock's application getting rejected, delayed into 2024 or might they get first spot bitcoin ETF in US.