Investment management firm BlackRock has filed an amended version of its application for a spot Bitcoin exchange-traded fund (ETF), following similar filings from other companies. The updated filing includes additional warnings about the risks associated with investing in Bitcoin, highlighting the lack of regulation and transparency in the cryptocurrency market. BlackRock also acknowledges the competition it faces from other ETF applicants. The company plans to calculate Bitcoin’s price using an aggregate from multiple spot exchanges. The Securities and Exchange Commission (SEC) has shown a change in behavior by asking constructive questions about ETF applications, leading to hopes that a Bitcoin ETF will be approved. Galaxy Digital CEO Mike Novogratz predicts that a spot Bitcoin ETF will likely be approved within the next three months. BlackRock CEO Larry Fink referred to Bitcoin’s recent rally as a “flight to quality.”

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Cathie Wood, Larry Fink, Mike Novogratz
Companies	BlackRock, Galaxy Digital, Ark Invest, Bitwise, SEC
Currencies	Bitcoin
Securities	None