The SEC's ongoing resistance to approving such a product in recent years has been widely criticised as a "complete and utter disaster." Now that BlackRock's application is officially on the SEC's calendar, it will be published in the Federal Register, commencing a 21-day public comment period. Simultaneously, on Friday, four additional applications were docketed concerning the Cboe BZX Exchange, which was the first entity to apply for a Bitcoin ETF back in March 2021. These applications include the Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco Galaxy Bitcoin ETF. They will also undergo a three-week comment period. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks.