BlackRock has resubmitted its application for a Bitcoin-focused exchange-traded fund (ETF) to U.S. regulators, this time naming Coinbase as a partner. The decision to revise the application came after feedback from the SEC criticizing initial filings by BlackRock and other issuers for lacking necessary information. The resubmission includes a valid agreement with Coinbase, which will provide surveillance support for the proposed ETF. The move has raised questions about the SEC’s scrutiny and has drawn criticism from experts who believe the agency has shortcomings. As the debate over a Bitcoin ETF continues, the industry eagerly awaits further developments, with hopes that an early approval could boost the price of BTC.
AI Sentiment: Positive
