​​BlockFi has applied to launch a spot bitcoin-ETF The BlockF | NFT / BTC / DEFI News 📣

​​BlockFi has applied to launch a spot bitcoin-ETF

The BlockFi cryptolanding platform has applied to the SEC to launch bitcoin-ETF with physical security under the Securities Act of 1933.

The document says that the dynamics of BlockFi NB Bitcoin ETF will better reflect the price behavior of the first cryptocurrency compared to any futures-based benchmark.

Until November 14, the SEC must make a decision on the application from VanEck to launch spot bitcoin-ETF. The reschedulment of its consideration is excluded. Bloomberg believes that the firm will be refused, but its wording may give an idea of the market regulator’s assessment of the first cryptocurrency.

Recall that in October BlockFi applied for the launch of ETFs based on bitcoin futures.

The statement was the seventh in the account, which takes into account the latest recommendations of the SEC. The Commission managed to approve such applications from Valkyrie Investments and ProShares.

In October, the SEC extended the deadline for consideration of four applications for the launch of “physical” bitcoin-ETF from Global X, WisdomTree, Kryptoin Investment Advisor and Valkyrie Investments.