The Latest Breaking News from Bloomberg Intelligence

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Charles Schwab's position may soon change, as it could be currently evaluating the strategic advantage of entering the market as a second mover in a space where many competitors raced to be the first, Bloomberg Intelligence analyst Eric Balchunas said.

Despite not significantly impacting Bitcoin's price, the robust trading activity and substantial net inflows indicate a successful introduction and a positive market reception for Bitcoin ETFs.

Aside from industry experts sharing their forecasts on the possibility of the SEC approving or rejecting spot Bitcoin ETF proposals, the crypto community is also betting on it.

Amid the buzz surrounding the spot Bitcoin ETF applications, the SEC continues to maintain silence on the matter.

The submission of Form 8-A suggests that the SEC's decision is imminent, but it does not necessarily imply approval.

Matrixport's research created a market shakeup, causing Bitcoin to erase its gains from the previous day and trade in the red zone.

Last week, BlackRock once again amended its S-1 form, this time naming JP Morgan and Jane Street Capital as the authorized participants.

The naming of the AP could be tricky, according to an ETF analyst because the SEC not only wants them identified in the documents but requires issuers to make the AP the underwriter of the spot Bitcoin ETF.