BlackRock Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs

Cryptocurrency Journalist Charles Gasparino Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs. According to Charles Gasparino’s sources, BlackRock, the world’s largest money management firm, is awaiting approval from the Securities and Exchange Commission (SEC) for its new Bitcoin spot ETF on Wednesday.

According to Charles Gasparino, other companies are also awaiting approval on the same day. Wednesday is already known as the SEC’s final decision-making date, and BlackRock sources have thus stated that they do not expect an approval before the deadline.

The news came amid reports of impending layoffs within the company. BlackRock plans to announce layoffs in the coming days that will affect about 3 percent of its global workforce, about 600 employees. According to a source familiar with the matter, these layoffs, which have not yet been reported, are considered routine within the company. Last year, BlackRock conducted a similar round of layoffs based on employee performance metrics.

BlackRock ended the third quarter of 2023 with $9 trillion in assets under management (AUM). However, the company has experienced significant asset declines since reaching a peak of over $10 trillion in 2022 due to volatile financial markets.

Source: bitcoinsistemi

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