BlackRock has updated its bid for a spot BTC-ETF.
The revised document includes 5 new pages that address additional risks that exchange-traded fund investors may face.
In the new version of the application, BlackRock made amendments regarding the risks associated with the potential consequences of unpredictable events in the crypto industry on the value of the ETF.
Whereas previously the focus was on how fraud and security failures on exchanges could affect the fund, the company has now expanded the list of risks to include BTC directly.
💬 With this commentary, BlackRock is fulfilling its responsibility to warn other market participants about the possible risks associated with the crypto industry.
