Is there a downside to BlackRock's spot Bitcoin ETF application?
Some fear that the entry of more traditional financial firms could sway Bitcoin—and crypto—from its original mission.
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Some fear that the entry of more traditional financial firms could sway Bitcoin—and crypto—from its original mission.
HSBC Hong Kong has initiated support for trading Bitcoin and Ethereum futures Exchange Traded Funds (ETFs), according to a recent announcement. This move
ETFs provide “simplicity and convenience” for new crypto investors, said Sei Labs co-founder Jeff Feng.
The ETF, if approved, would be the first publicly traded crypto product of its kind in the U.S., but the SEC just sued crypto exchanges for alleged securities violations and has rejected similar ETF applications in the past.
BlackRock, the world's largest asset manager, is trying to get the first spot-bitcoin ETF approved by the Securities and Exchange Commission.