BlackRock's ETF Filing Sparks Bitcoin Excitement and Speculation.
TL;DR Summary
ARK Investment Management claims to be first in line for potential approval of a spot-Bitcoin ETF, ahead of BlackRock, despite the latter's recent filing for the iShares Bitcoin Trust. ARK and 21Shares filed an application for a Bitcoin ETF in April, which is currently the only one ahead of BlackRock's. However, a spot-Bitcoin ETF does not currently exist in the US, and regulators have been hesitant to approve one in the past due to concerns over market manipulation.
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