<\/p>\n
“575 to one,” says Mike Ippolito. “I definitely like those odds.”<\/p>\n
BlackRock has an impressive history for ETF approvals. Based on that track record, the outlook for the asset manager’s spot bitcoin<\/a> ETF application looks bright.<\/p>\n But what about all the other companies that have joined the ETFs<\/a> queue?<\/p>\n On the Margin podcast (Spotify<\/a>,apple<\/a>) host, Ippolito says “Usually, the SEC, they don’t like to just approve one.”<\/p>\n “BlackRock is about as connected as you can possibly be,” says Ippolito, but such an action would implicate the SEC<\/a> as a sort of “king-maker in the market.” <\/p>\n Ippolito suggests the regulatory agency will likely approve multiple different ETF issuers to ensure they are not perceived as “putting their finger on the scales.”<\/p>\n Initially, co-host Mark Yusko concurs, saying that when a number of companies applied for bitcoin futures ETFs last year, the SEC approved three, with the first granted to ProShares<\/a>, <\/p>\n Recently, the SEC added approval for the first leveraged bitcoin futures etf<\/a>which was launched by Volatility Shares in June.<\/p>\n