BlackRock and JP Morgan have filed a new SEC filing for a Spot BTC ETF. The presence of JP Morgan is causing a lot of discussion, when not even a month ago Jamie Dimon (CEO of JPM) declared in front of American government officials that he would ban the entire cryptocurrency sector.
Surprisingly in the last few hours, JP Morgan returns as an "authorized participant" in the new Black Rock filing, as an institution authorized to interact directly with the manager of the Spot BTC ETF. to create and refund product shares.
The two are also joined by Jane Street who, however, was already expected by most analysts.
In the meantime, VanEck also joins the BTC Spot ETF applicants by launching its own advertising campaign for the financial product, before it is even approved:
https://twitter.com/BitcoinMagazine/status/1740745276191563868
The fact that these institutional entities are so predisposed to investing in Bitcoin and the promotion of ETFs suggests that BTC can finally integrate into traditional financial services, potentially creating new investment opportunities for a mainstream audience and bringing the adoption of BTC to the highest levels , levels never seen before.
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