PSA: BlackRock’s ETF deadline is August 7th, VanEck’s is May 23rd
1 min read
Hello! I just wanted to clear up what I see as a bit of a misrepresentation regarding upcoming ETFs.
I have seen numerous people say May 23rd is the upcoming, important deadline. I then see these people go on to say that it’s bullish because BlackRock has a 576-1 ETF approval/withdrawal ratio.
It seems unwise to conflate these facts. VanEck‘s ETF approval deadline is May 23rd. BlackRock‘s ETF approval deadline is August 7th.
VanEck’s BTC ETF was denied by the SEC in March last year. It was only when BlackRock’s ETF was approved that things moved forward.
That’s all. Thanks for your time.
submitted by /u/MeoMix
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