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BlackRock bitcoin ETF filing demonstrates institutional confidence in crypto
Given BlackRock’s track record, the firm’s request for regulatory approval to offer a spot bitcoin exchange-traded fund (ETF) seems likely to be approved, priming BTC for a surge of new capital. Perspective: BlackRock, the world’s largest financial institution by assets under management, requested permission to offer its bitcoin ETF from the U.S. Securities and Exchange Commission (SEC) on June 15, 2023. With a near-perfect record in receiving approvals, it’s clear that the firm is confident in future demand for bitcoin and prepared to hold the asset in its own custody. More details: While the SEC has denied ... (full story)