Crypto Market News: Less than a year after launching a spot Bitcoin private trust, Blackrock, the world’s largest assets manager, is making moves in the direction of filing for a Bitcoin Exchange Traded Fund (ETF), Reuters reported on Thursday. As and when the Bitcoin Bitcoin ETF will be launched, it will prove to be a massive move in terms of mainstream crypto market adoption. The asset manager’s initiative comes at a time when the United States regulators are increasingly taking enforcement against crypto businesses.
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In the third quarter of 2022, the asset manager stitched a partnership with US based crypto exchange Coinbase, which has recently been dragged into a legal tussle by the US Securities and Exchange Commission (SEC). In the latest initiative, Blackrock is extending the deal for its Bitcoin ETF plans.
What BlackRock Bitcoin ETF Will Mean For Financial Markets
Blackrock enjoys wide
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