BlackRock's Spot Bitcoin ETF - Will it be possible

Bitcoin ETF investment format registration is sorted by many financial houses as it will open up high-profit investment opportunities to their clients. Many have tried to get an ETF running but have failed to meet SEC requirements. We have seen Grayscale's failure to launch and the recent VanEck SEC denial among the list of institutions looking to offer ETFs.

Blackrock's iShare Spot Bitcoin ETF might be possible as they have close to 10 trillion dollars in assets under management as reported at the end of Q1 this year. This is an edge toward cryptocurrency legitimacy and if successful will drive other coins to have their ETF.

Larry Fink, the BlackRock CEO, called bitcoin an “index of money laundering,” in 2017, but he has since changed that view. Bitcoin has turned many of its doubters into the strongest evangelist as could be said about Michael Saylor.

There is a great chance of making this spot Bitcoin ETF possible as BlackRock has included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to Bitcoin. Further notes on this surveillance sharing part of the agreement can be found on Coindesk as it was discussed on Coindesk.tv