The article discusses the possibility of the SEC approving multiple spot bitcoin ETFs or only giving approval to BlackRock. The co-host of On the Margin, Mark Yusko, believes that the SEC will likely approve multiple ETF issuers to avoid being seen as biased. He references the introduction of gold futures in 2004, where the SEC initially granted exclusive approval to the SPDR gold shares ETF, leading to it dominating the market. However, Yusko suggests that in the future, the SEC may approve other gold ETFs as well. The article also mentions upcoming events and provides links to related content.
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