Friday, September 20, 2024

BlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it? By Cointelegraph

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© Igor Faun

BlackRock’s newest submitting for a spot (BTC) belief will drive buyers’ confidence in Bitcoin and should even be “the most effective factor that might occur” to BTC, in accordance with some crypto business observers — however others warn of a hidden value.

Throughout an interview on June 16, Galaxy Digital CEO Mike Novogratz stated the approval of BlackRock’s ETF software can be “the most effective factor that might occur to $BTC.”

The draw back