BlackRock recently upped the cash with which it plans to seed its Bitcoin ETF by 100x.
With Bitcoin (BTC) spot ETFs seemingly just weeks away, some crypto investors are curious whether asset managers like BlackRock can “front run” their approvals using insider knowledge before their highly anticipated funds reach the market.
In an X space on Friday, Bloomberg ETF analyst James Seyffart cleared the air on what BlackRock can and cannot do to the Bitcoin market prior to approval – and how they’ll go about handling customers’ claims.