Did Blackrock sponsor a spot bitcoin ETF?
Could you elaborate on whether BlackRock, one of the largest asset managers globally, has taken the plunge and sponsored a spot bitcoin exchange-traded fund (ETF)? Given the recent surge in interest for digital assets, investors and market observers alike are keen to know if such a major financial institution has ventured into this space. The potential implications of such a move could be significant, not just for BlackRock's clients but also for the broader cryptocurrency ecosystem. So, have BlackRock indeed stepped into the realm of spot bitcoin ETFs, and if so, what are the potential ramifications?