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BlakcRock's Bitcoin ETF Update Featured Anti-Cryptocurrency JPMorgan! - Coin Newsletter
BlackRock has once again updated its filing with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF.
BlackRock, the world's largest administrator, has resubmitted an updated version of its spot Bitcoin ETF application called iShares Bitcoin Trust (IBIT) to the SEC.
Taking action on Dec. 30, the deadline for spot Bitcoin ETF applications, the giant company named Jane Street and JPMorgan as "authorized participants" in the updated filing.
Bloomberg analyst Eric Balchunas, who made a statement on the subject, stated that Jane Street was an expected participant, but the inclusion of JPMorgan in the file was somewhat ironic.
JPMorgan CEO Jamie Dimon has been in the spotlight for his anti-cryptocurrency rhetoric over the years, and his cold attitude towards the industry has never changed. Balchunas stated that this step taken at the end of the day was positive and emphasized that the spot Bitcoin ETF approval is one step closer.
The vast majority of applicants submitted the final version of the updated files to the regulator on December 29-30. The SEC is expected to approve these ETFs in January. Once approved, ETFs will begin trading on the market within a few days or weeks.