“Bitcoin Jumps on Speculation BlackRock ‘May Know Something’”
June 22, 2023
“BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application…
The rush of applications comes in the wake of BlackRock’s bid to launch the iShares Bitcoin Trust, which landed with US regulators last week. Given BlackRock’s status as the world’s biggest money manager with roughly $9 trillion, the filing is being taken as a sign that the SEC might finally give the green light to a physically-backed Bitcoin ETF — a structure the regulator has repeatedly rejected, citing risks such as fraud and manipulation in the spot market for the token…”
https://finance.yahoo.com/news/wisdomtree-files-start-us-spot-235458428.html
I’ll tell you what they know. They know they can’t stop it nor control it. That’s what they know.