Blackrock files Bitcoin spot

ETF, multiple sources are reporting this evening, CNBC linked here. About a one minute read.

Comment: this will be interesting to see play out, there have been several attempts to launch a Bitcoin spot ETF, all of which have been denied by SEC. Partnering with Coinbase is an interesting twist. I’ve long maintained the fundamental problem SEC has with most cryptocurrencies, Bitcoin included, is vested Financial Interests — they need to control the space. Because Blackrock will control a large part of Bitcoin trading via this ETF, I bet that will control enough; SEC is likely to approve this app.