As the market adapted to the recent Ethereum [ETH] ETF news, a Bitcoin-related ETF development also came to light. Fox News reported that BlackRock is hopeful the SEC will approve its spot Bitcoin ETF by January. This follows BlackRock, a massive $9 trillion asset management company, filing for an Ethereum Trust. Several financial institutions, BlackRock included, aim to launch the first Spot Bitcoin ETF in the US. Among the applications waiting for approval, BlackRock’s and Grayscale’s have drawn the most attention.