BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he questions whether the ownership and support of centralized asset managers like BlackRock could alter the privacy, immutability, censorship resistance, and decentralization of the cryptocurrency. The U.S. Securities and Exchange Commission (SEC) has delayed decisions on several spot BTC ETF applications, including BlackRock’s, but is expected to rule on them by early 2024. At the time of writing, BTC is valued at $27,477, experiencing a 0.64% decrease in the past 24 hours.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	0
People	Arthur Hayes
Companies	U.S. Securities and Exchange Commission (SEC), BlackRock, BitMEX
Currencies	Bitcoin
Securities	None