Ah .... Here we go again.
The SEC announced yesterday, the postponement of the approval of the spot etf proposed by BlackRock, from September 1 to 20.
The reasoning is that they need more time.
Many are disappointed and perhaps someone has "sold the news". Surely professional traders who know how to follow trends have earned. As for the holders ... be patient.
The positive thing is that they are seriously considering the proposal and we all know how is extremely difficult to deny something to BlackRock, the giant that holds a large slice of every multinational company in the world but not only.
By now I am convinced that it is only a matter of WHEN it will be approved. The SEC can no longer stop the growth of Bitcoin also because the companies interested in the BTC ETF are multiplying, including Grayscale, ARK Invest, Bitwise Asset, VanEck, Galaxy Digital and others.
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