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believe could become the first spot bitcoin vehicle to be approved by the US markets watchdog, the Securities and Exchange Commission.
Institutional investors aren't allowed to buy cryptocurrencies at the moment – but SEC approval of BlackRock's filing would change all that, offering Wall Street a cheap and regulated route into the token. CEO Larry Fink has backed up his firm's push for the spot ETF by repeating bitcoin bulls' usual talking points, saying last week thatIt might seem like an odd time for BlackRock to be pushing to launch its ETF, with the crypto industry still reeling from a brutal 2022 – when the price of key tokens cratered and high-profile firms, like Sam Bankman-Fried's FTX, collapsed.
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