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Jul 31, 2023

Institutions throw weight behind crypto assets

BlackRock and others have filed applications for spot Bitcoin ETFs
Given the problems facing the crypto industry over the last year, from the failure of FTX to a brutal bear market and the SEC’s decision to sue key players, you could be forgiven for assuming that institutional investors would wind back their involvement. But the opposite has happened. The SEC is reviewing several applications for spot Bitcoin ETFs from a range of major investment firms, including the world’s largest asset manager, BlackRock. Many firms have sought approval for spot ETFs

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