Questionable Disparity: Blackrock and Fidelity File for Crypto ETF, Grayscale Left in the Regulatory Dust

The situation is becoming increasingly concerning. Initially, Blackrock took the lead by filing for a Crypto ETF, and soon after, Fidelity followed suit. Both of these companies possess substantial size and strong connections, with Blackrock boasting an impressive SEC ETF approval rate of 575-1, making it highly likely for them to obtain approval.

However, if Blackrock and/or Fidelity are approved, it would create a significant disparity in comparison to Grayscale's situation. Grayscale has been tirelessly pursuing a Bitcoin ETF for years, engaging in numerous meetings and making several attempts, only to be repeatedly denied by the SEC. The potential approval of Blackrock before Grayscale raises serious questions about the fairness of the process.

What's worse is that if Blackrock and Fidelity are approved ahead of Grayscale, the latter will not have the opportunity to be the first to enter the market. Consequently, Grayscale may suffer substantial losses in terms of customers and profits, primarily due to regulatory actions favoring their competitors. The situation would be even more detrimental for Grayscale if Fidelity also secures approval before them.