What They're NOT Telling You About BlackRock And Bitcoin ETF Approval

The SEC had previously rejected several applications for a spot bitcoin ETF by Grayscale Investments, a leading digital asset manager. In August 2023, a federal appeals court ruled that the SEC was wrong to reject Grayscale's application and had not sufficiently explained its reasoning.
However, the SEC decided not to appeal the ruling. In January 2024, the regulator announced approval for Grayscale’s application, as well as other applications by major industry players such as Bitwise, BlackRock iShares, WisdomTree, ARK 21 Shares, and Invesco Galaxy, among others.
All 11 ETFs began trading on Jan. 11, 2024, including Grayscale's. SEC Chair Gary Gensler released a warning along with the approval. He said
"While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.

But why have the regulators been so reluctant to approve any spot bitcoin ETF applications? watch the video

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