SNEAK PEEK

  • BlackRock, the world’s largest asset manager, files for the Bitcoin ETF.

  • BlackRock recruiter says politicians can be bought for personal gain.

  • The industry eagerly awaits the SEC’s decision to approve spot Bitcoin ETFs.

BlackRock, the world’s largest asset manager, has taken a significant step toward embracing the world of cryptocurrency. In a recent filing with the U.S. Securities and Exchange Commission (SEC), BlackRock announced its plans to launch a bitcoin exchange-traded fund (ETF). This move comes as the asset class faces heightened regulatory scrutiny and represents a significant development for both BlackRock and the cryptocurrency industry as a whole.

The largest asset manager in the world, BlackRock just shocked the financial world by filing for a #bitcoin ETF.

They manage $12,000,000,000,000.

Watch Bloomberg’s ETF research analysts @EricBalchunas and @JSeyff explain everything you need to know ↓pic.twitter.com/VbFbHGY7a5

— Documenting ₿itcoin (@DocumentingBTC) June 21, 2023

The proposed iShares Bitcoin Trust will rely on Coinbase Custody to act as its custodian, ensuring the security and safekeeping of the digital assets. However, it’s important to note that the SEC has yet to approve any applications for spot bitcoin ETFs, underscoring the existing regulatory challenges.

This isn’t BlackRock’s first foray into the cryptocurrency space. Last year, the asset manager introduced a spot Bitcoin private trust exclusively available to institutional clients in the United States. The decision to file for a Bitcoin ETF reflects BlackRock’s recognition of the growing demand for exposure to this alternative asset class.

However, in an exciting turn of events, a recently surfaced video featuring a BlackRock recruiter has ignited controversy and raised questions about the company’s influence. Independent journalist James O’Keefe shared the video on Twitter, leading to further debates surrounding BlackRock’s alleged power and impact on global affairs.

The video captures a conversation between Serge Varlay, a recruiter at BlackRock, and an undercover journalist from OMG. Varlay’s remarks in the video suggest that he believes BlackRock possesses significant financial resources, granting it substantial control over global matters. 

BREAKING: @BlackRock Recruiter Who “Decides People’s Fate” Spills Info on Company’s World Impact

“It’s not who the president is- it’s who’s controlling the wallet of the president”

“You got $10K? You can buy a senator”

“War is real f***ing good for business” #BlackRockExposed pic.twitter.com/DZIy1DuZKF

— James O’Keefe (@JamesOKeefeIII) June 20, 2023

He further discusses the potential ease of manipulating politicians for personal gain, highlighting the influence that those with deep pockets can exert.

Varlay’s comments have sparked widespread discussion and criticism, prompting scrutiny of BlackRock’s practices and intentions. The company has not officially responded to the video or its implications, leaving room for further speculation and analysis.

As BlackRock files for a bitcoin ETF and navigates the regulatory landscape, the industry eagerly awaits the SEC’s decision to approve spot bitcoin ETFs. At the same time, the controversy surrounding the video raises additional questions about the extent of BlackRock’s influence and its implications for global affairs.

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