“So I heard BlackRock launched a bitcoin ETF,” your uncle might say at the Thanksgiving table.
How will you respond?
Well, first you can clarify that he (let’s call him Jim) means an ETF, or exchange-traded fund. And while the asset management giant indeed wants to bring such a product to market, it does not yet have approval.
“Oh, I see,” Uncle Jim says as he collects another forkful of mashed potatoes. “I can’t say I know much about it beyond all the headlines.”
He’s right — the story has been the subject of numerous stories in recent months. Yet, misconceptions persist.
BlackRock is not the only one pursuing a bitcoin ETF. About a dozen companies —…
Read more on Blockworks