Bloomberg analyst assessed the chances of BlackRock to launch a bitcoin-ETF exchange-traded fund

Bitcoin began to rise in value after the U.S. company BlackRock sent an application to the Securities and Exchange Commission (SEC) for the launch of a bitcoin-ETF exchange-traded crypto-fund. This instrument will track the performance of the cryptocurrency’s spot price.
According to Bloomberg analyst Eric Balchunas, the probability of BlackRock’s application being approved is now about 50%.
His assessment is based on the opinion of another Bloomberg expert, Eliot Stein, who specializes in legal issues.

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