BlackRock, the world's largest asset manager, has resubmitted its application for a spot Bitcoin exchange-traded fund (ETF), as per the recent Nasdaq update.
The financial giant has joined its rivals Fidelity, WisdomTree, VanEck, and Invesco/Galaxy who have also refiled their Bitcoin ETF applications with the inclusion of Coinbase as the exchange.
The amendment by BlackRock was submitted on June 29, although Nasdaq only published the information recently.
In response to a question about the potential odds of approval by the Securities and Exchange Commission (SEC), Balchunas maintained a 50% likelihood, while his fellow Bloomberg analyst, James Seyffart, leaned slightly more optimistically towards 51%. Just a month ago, this probability was hovering at a mere 1%.
The refiling comes at a time when Bitcoin's price is on the rise, reclaiming the $31,000 level after a sudden increase in open interest.
Vladislav Sopov