Will BlackRock’s ETF slingshot Bitcoin’s price skyward? By Cointelegraph

© Reuters.

Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players.

Among them is BlackRock (NYSE:) — the world’s largest asset manager with $9 trillion in assets under management (AUM) — filed for permission to build a “spot market” Bitcoin-based exchange-traded fund (ETF) — something the United States Securities and Exchange Commission has resolutely resisted.