According to Cointelegraph, asset management company BlackRock stated in regulatory filings that emerging technologies such as quantum computing could render the cryptography of Bitcoin and other blockchain networks ineffective. On May 9, BlackRock updated its registration statement for the iShares Bitcoin ETF (IBIT), indicating that quantum computing could pose a risk to the integrity of the Bitcoin network. IBIT is the largest spot Bitcoin ETF, with net assets of approximately $64 billion. Quantum computing aims to enhance computer processing power by leveraging the principles of quantum mechanics. Analyst James Seyffart mentioned that risk disclosures are standard procedure and emphasize all potential risks. Since its launch in January, the Bitcoin ETF has attracted over $41 billion in net inflows. On May 8, net inflows into the Bitcoin ETF reached a historical high, exceeding $40 billion. Tether CEO Paolo Ardoino had predicted that quantum computing would enable hackers to crack inactive Bitcoin wallets.

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