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In a recent filing for a spot Bitcoin ETF, BlackRock, the world’s largest asset manager, has highlighted the indirect risks posed by stable coins, emphasizing the nuanced complexities of the crypto market. BlackRock, the world’s largest asset manager, has made headlines with its application for a spot Bitcoin Exchange-Traded Fund (ETF). The application, keenly awaited by the digital asset sector, includes a notable mention of stablecoins as a risk factor, an aspect that has drawn considerable attention. JUST IN: BlackRock says USDT & USDC stable coins pose risks to #Bitcoin. — Watcher.Guru (@WatcherGuru) November 14, 2023 You might also like: BlackRock prepares to file spot Ether ETF Stablecoins, digital currencies like Tether USD (USDT) and Circle USD (USDC), are designed to maintain a stable value as they are pegged to traditional currencies. In its filing, BlackRock highlights that while the ETF does not directly invest in stablecoins, there ex...

BlackRock CEO Larry Fink, who previously bashed bitcoin, now has a different view of the crypto asset and is looking to make the largest crypto by market capitalization cheaper and more accessible for investors.  Speaking in an interview with Fox Business, Larry Fink, while not going into details about BlackRock’s latest spot Bitcoin exchange-traded fund (ETF), is hopeful that regulators, in this case, the US Securities and Exchange Commission (SEC), will approve its application.  The asset manager is said to have a track record of getting its ETF applications approved and hopes that through collaboration with regulators, its bitcoin ETF filing will also get the green light. “We have a good track record working with our regulators and trying to make sure we are thinking about the issues around any filing […] We hope that like in the past we could be working with our regulators and get the filing approved one day, and I have no idea what that one day would be, b...