According to a report by Cointelegraph, asset management firm BlackRock stated in regulatory filings that emerging technologies such as quantum computing could render the encryption technologies of Bitcoin and other blockchain networks obsolete. On May 9, BlackRock updated its registration statement for the iShares Bitcoin ETF (IBIT), noting that quantum computing could pose risks 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 utilizing principles of quantum mechanics. Analyst James Seyffart stated that risk disclosures are standard procedure and all potential risks need to be emphasized. Since its launch in January, the Bitcoin ETF has attracted over $41 billion in net inflows. On May 8, the net inflow for the Bitcoin ETF reached a record high, exceeding $40 billion. Tether CEO Paolo Ardoino has predicted that quantum computing will enable hackers to crack inactive Bitcoin wallets.

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