BlackRock Creates Bitcoin ETF and Potential Implications

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BlackRock Creates Bitcoin ETF and Potential Implications

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The largest investment fund in the world, BlackRock, has filed for a Bitcoin ETF with Coinbase as an official partner. Critics are concerned about the potential centralization of control and the possibility that BlackRock may create a copy of Bitcoin in the event of a hard fork and recognize it as canonical, effectively squeezing Bitcoin out of the crypto community and under the indirect control of US authorities. Nevertheless, some insiders suggest that it may be better for crypto companies to comply with BlackRock rather than risk being outlawed. [/s2If]

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