The Real Reason BlackRock Wants a Spot Bitcoin ETF
And it's not to make a point about the SEC's position on crypto.
On Thursday the unthinkable happened. BlackRock BLK 0.00%↑, the behemoth wealth management firm that controls over $9 trillion in assets, officially applied for a spot Bitcoin fund in the United States. This is significant for three reasons:
The SEC has denied every single application for a spot Bitcoin ETF to date from companies like Van Eck, WisdomTree, and Glob…
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