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BlackRock Seeks Bitcoin ETF Approval From SEC

Coin WorldFriday, Apr 11, 2025 4:33 am ET
1min read

BlackRock, a prominent financial institution, has recently submitted an application to the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF). This move has sparked significant speculation and optimism within the crypto community, with many analysts predicting that it could open the door to future crypto-centered ETFs and potentially drive up the price of bitcoin.

However, there are concerns about whether BlackRock is the right entity to lead this initiative. Larry Fink, the CEO of BlackRock, has historically been critical of bitcoin, describing it as an "index of money laundering" and expressing skepticism about its legitimacy. His sudden shift in stance raises questions about BlackRock's motivations for entering the bitcoin space.

BlackRock's business practices have also come under scrutiny. The company has a history of corporate takeovers, buying up neighborhood properties and charging high rents, and has been accused of promoting a far-left agenda through its push for ESG (environmental, social, and governance) investing. These practices have led to accusations of creating monopolies and exploiting vulnerable communities.

Given BlackRock's strong track record with the SEC, there is a likelihood that the bitcoin ETF application will be approved. However, this could have unintended consequences for the crypto community. Bitcoin was designed to be decentralized and accessible to all, but a centralized entity like BlackRock controlling a significant portion of the market could lead to issues with accessibility and control.

If BlackRock's bitcoin ETF is approved, it could potentially lead to a more centralized and monopolized bitcoin market. This would be a stark contrast to the decentralized and democratic nature of bitcoin, which was created to be a peer-to-peer electronic cash system. Traders and investors in the crypto community should be aware of these potential risks and consider the implications of a BlackRock-controlled bitcoin ETF.

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Hamlerhead
04/11
BlackRock’s Bitcoin ETF: Monopolizing the decentralized future
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Pushover112233
04/11
BlackRock's bitcoin ETF could be game changer 🚀
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WallstS
04/11
@Pushover112233 Really? Why you think so?
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Versace__01
04/11
BlackRock's past skepticism makes their ETF bid intriguing. Are they genuine about crypto or just chasing the trend and profits?
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joaopedrosp
04/11
If BlackRock gets in, could we see a bitcoin moon soon? Or is this just another bubble waiting to pop? 🚀
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Very_Guilty_Lawyer
04/11
BlackRock's ESG push seems like greenwashing to me. Let's see if their bitcoin ETF delivers true decentralization or just more control. 🤔
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Repturtle
04/11
Fink flip to bitcoin is sus, ya know?
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SuperNewk
04/11
SEC approval could be a game-changer, but I'm skeptical about BlackRock's motives. Are they really crypto believers or just chasing the trend?
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threefold_law
04/11
@SuperNewk Maybe they're just riding the wave.
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tempestlight
04/11
$TSLA mooned, now bitcoin next with BlackRock?
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bottomline77
04/11
@tempestlight You think BTC will moon soon?
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Aertypro
04/11
Hope SEC ain't sleeping on this one
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tielgee
04/11
@Aertypro alright
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The_Sparky01
04/11
Decentralized bitcoin vs. BlackRock = mixed signals.
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CashMysterious3688
04/11
@The_Sparky01 Decentralized vs. BlackRock: big risk, big reward.
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BeefMasters1
04/11
@The_Sparky01 Mixed signals, lol.
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dritu_
04/11
Holy!🚀 WSML stock went full bull trend! Cashed out $396 gains!
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selftusi
04/11
@dritu_ How long were you holding WSML before it went bull?
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