Blackrock: “Cryptocurrencies may still be experiencing a bubble”
The company resubmitted its application for #ETF to #Bitcoin , with some modifications.
Asset management giant BlackRock has refiled with the United States Securities and Exchange Commission (#SEC ) its application to issue an exchange-traded fund (ETF) based on the spot price of bitcoin (#BTC ). . In this new version, the company issued warnings about the risks posed by investing in cryptocurrencies.
As shown in the new presentation, accessible through the official SEC website, BlackRock emphasizes, as a legal disclaimer and risk alert, that it is possible that cryptocurrencies are “still experiencing a financial bubble.”
