BlackRock has “no malicious intent” in filing for a Bitcoin spot ETF, despite its reputation in some circles as an activist asset manager, according to Ran Neuner, Host and Founder of Crypto Banter.Some investors worry that if BlackRock’s ETF is approved, the asset manager would fund Bitcoin development and hard fork the coin, turning Bitcoin into a centralized, proof-of-stake protocol. This, detractors say, would divorce Bitcoin from its original, decentralized, and democratic vision.
However, Neuner said that BlackRock simply owning a large amount of Bitcoin does not give the corporation control over the entire Bitcoin network. “I think it could be a game changer,” he claimed. “If you get a Bitcoin spot ETF, you now really open all of this money coming into crypto with an easy way to access this asset.”
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock ETF filing sparks largest inflows to Bitcoin investment products since JulyInflows into digital asset investment products are at the highest level since July following last week's flurry of spot Bitcoin ETF filings initiated by BlackRock.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Fever over BlackRock’s bitcoin fund faces chill of rate hikes and regulationsETF ould attract investors reluctant to buy the high-risk cryptocurrency directly
Source: globeandmail - 🏆 5. / 92 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »