Dear Readers,

As we are closely tracking the developments of the Blackrock's proposal on Bitcoin Spot ETF.

By yesterday, the representatives of Blackrock, Nasdaq and SEC met again to discuss on this proposal.

Indeed this is their 2nd meeting from the last month on this topic.

A memo published on this says that the discussion concerned The NASDAQ Stock Market LLC’s proposed rule change to list and trade shares of the iShares Bitcoin Trust under Nasdaq Rule 5711(d).

All the crypto enthusiasts around the globe are keep on this developments as this is a major milestone in the crypto world.

The sanction of this spot BTC ETF will bring the much awaited pump in the crypto markets.

The SEC has so far denied all spot bitcoin ETF applications. As Blackrock submitted this application, the expectations were high among the crypto community. Out of the total applications that were filed by Blackrock, the reputed Asset Management Firm- only one was got rejected by SEC So far. 

If this Blackrock's application gets passed, eventually this would be the first crypto ETF to make a history!

The cash redemption feature by Blackrock's Spot BTC ETF makes it super interested again.

At the time of writing this article BTC is trading firmly at 42,892 USD. The global crypto marketcap stood at 1.6 Trillion USD, a decrease of 0.6% from yesterday. 

Let's hope and pray for everything would go in a positive way!

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