BlackRock's approval of the spot Bitcoin ETF is a key priority for the company

ChainCatcher news, BlackRock, the world's largest asset management company, has made obtaining SEC approval for its spot Bitcoin ETF a key priority for the company. BlackRock founder and CEO Larry Fink referred to Bitcoin as "an international asset" and "a store of value," comparable to gold's long-standing status.

It is reported that BlackRock currently has over 400 traditional ETFs in the market and has met with the SEC five times regarding its spot Bitcoin ETF application, with the most recent meeting occurring on Tuesday. Additionally, SEC staff have held approximately 24 meetings with various ETF candidates, indicating that the agency is working harder to bring these ETFs to market in the new year.