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BlackRock's Bitcoin ETF Application Sparks Debate Over Traditional Finance's Role in Crypto

June 23 (Cointime) - BlackRock's application to launch a Bitcoin ETF has sparked debate in the crypto community, with some seeing it as validation for the industry while others raise concerns about traditional financial institutions entering the space. Critics suggest that BlackRock's filing could be part of a broader power shift favoring traditional finance firms in the crypto landscape.

The involvement of major financial firms is viewed as a threat to crypto's disruptive nature and could compromise core principles such as privacy and decentralization. BlackRock has long shown interest in the crypto space and already has executives focused on the sector.

BlackRock Bitcoin ETF Privacy
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