Are you ready for some groundbreaking news in the world of cryptocurrency? BlackRock, the largest asset manager in the world, has filed for a Bitcoin ETF. This move could potentially make it easier than ever before to invest in Bitcoin and other digital currencies. But what does this mean for investors and the cryptocurrency market as a whole? Keep reading to find out everything you need to know about BlackRock’s latest filing and what it means for your investment strategy.
Who is BlackRock and what is this Bitcoin ETF?
Some may ask who is BlackRock? BlackRock is the largest asset manager with over US$8.59 trillion in assets under management as of 2022. On June 15, BlackRock filed for a bitcoin exchange-traded fund that would allow investors to get exposure to cryptocurrency.
The price of Bitcoin for this fund will be determined by the CF Benchmark Index. This was determined based on spot Bitcoin-USD transactions made on a...