BlackRock-n-Roll on Crypto

Comments by Lado Okhotnikov

Well, it finally happened. The BlackRock investment fund with assets of $9 trillion has applied to the SEC for issuance of bitcoin ETF. Until now, all same applicants got rejected, thus the SEC protects traditional exchanges against cryptocurrency threat.



The regulator's arguments sounded monotonous, officers talk about investor protection and risks of market manipulation. However, there are strong reasons to believe that this time the application will be accepted. Almost simultaneously with the BlackRock initiative, the SEC filed lawsuits against Binance and Coinbase.

 On the one hand, the US regulator demonstrates its intention to take administrative control of cryptocurrency platforms, which has felt the taste of freedom. On the other hand, a mega-investment fund is able to consolidate a significant part of bitcoins and thus to control the bitcoin market.

 The synchronicity of the SEC and BlackRock actions may be an accident, although it looks like an operation to take total control of the cryptocurrency market. In any case, if the regulator approves BlackRock's application, we are waiting for changes soon.

 #bitcoin #ETF #LadoOkhotnikov #expert_opinion #crypto_news #crypto_industry #cryptocurrency #SEC #bitcoin_market #mega_investment

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