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Bloomberg Analyst Outlines Theories on BlackRock's Move to File Bitcoin ETF - Here's His Outlook

June 18 (Cointime) - BlackRock, the world's largest investment management company, has filed for a Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust.

Bloomberg senior ETF analyst Eric Balchunas suggests that the SEC may be favouring institutions like BlackRock over crypto exchanges to be the key player in the digital asset space. Balchunas also speculates that BlackRock's move may be in anticipation of a resolution of the legal dispute between Grayscale and the SEC, which could open the door to Bitcoin ETFs. BlackRock has a strong track record of getting ETFs approved by the SEC.

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