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Will BlackRock's Spot Bitcoin ETF application on September 2 be approved? 9 Companies with $15.34 Trillions Assets under management Are Waiting to Find Out.

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Will BlackRock's Spot Bitcoin ETF application on September 2 be approved? 9 Companies with $15.34 Trillions Assets under management Are Waiting to Find Out.

ARK's application for a spot Bitcoin ETF is expected to be postponed on August 13, 2023. The SEC is likely to wait until BlackRock's application is reviewed before making a decision. If both applications are denied or postponed, it would nuke the market IMO.

I believe that BlackRock's application for a spot Bitcoin ETF will eventually be approved, even if it is denied or postponed in September.

SS Taken From Bloomberg

Companies that have applied for the BTC ETF and their assets under management

Company AUM
BlackRock $8.59 T
Fidelity Investments $4.5 T
Invesco $1.41 T
WisdomTree $87 B
VanEck $65 B
Grayscale $50.5 B
ARK $14 B
Valkyrie Investments $1.2 B
Bitwise $498 M

submitted by /u/DinoCoiner
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