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The $9 trillion asset management firm BlackRock has lined up a staggering $2 billion in capital for Spot Bitcoin ETF . According to Bloomberg analysts, BlackRock has a “big day one” capital lined up for the Spot Bitcoin ETF . Sources close to the development said to Bloomberg that BlackRock might invest more than $2 billion if required. Also Read: Gold Price Forecast: XAU/USD Recovers Lost Ground at $2,030 Level VanEck’s head of digital assets research, Matthew Sigel, said that he vetted the source who informed about the $2 billion investment. “I heard from a pretty well-placed source that BlackRock has more than $2 billion lined up in week one in new incremental flows from existing Bitcoin holders who are adding to positions,” he tweeted. VanEck's Matthew Sigel just said he's heard from a well placed source that BlackRock has $2 billion of capital lined up from existing bitcoin holders that want to rotate into spot bitcoin ETFs in week one ...

The U.S. Securities and Exchange Commission (SEC) might probably approve the much-awaited Bitcoin ETF in January this month. James Seyffart, the Bloomberg Intelligence research analyst opined that the SEC might approve the Bitcoin ETF on or before January 10, 2024. “There is about a 90% probability the SEC will approve the (BTC) ETFs by Jan. 10,” he wrote. Also Read: Analyst Who Correctly Predicted Gold’s Price Gives New Target for 2024 That’s five days from today and the time for the SEC to approve the BTC ETF s is shorter than expected. The SEC has remained tight-lipped about the development providing no updates or hints about the soon-to-be-made decision. The Probability of the SEC Approving Bitcoin ETF is 90%, Says Bloomberg Analyst Source: Watcher Guru BTC climbed above the $45,000 mark at the start of 2024 but dipped to $43,000 after rumors spread that the SEC might not approve the BTC ETF. However, the rumors were quelled as they sprung out of soc...