BlackRock CEO Larry Fink wants to collaborate with regulators and address any concerns they may have regarding BlackRock's recent filing for a spot bitcoin exchange-traded fund (ETF). He believes that bitcoin, the largest cryptocurrency, serves as a digital version of gold.

Fink emphasized the importance of working closely with regulators and listening to their feedback on the filing. He aims to democratize cryptocurrency by making it more accessible and affordable for investors. Currently, the high bid-ask spread for crypto reduces returns, and Fink hopes that regulators will view these filings as a means to democratize the crypto market.

Nasdaq recently resubmitted a form for BlackRock's iShares Bitcoin Trust, following the U.S. Securities and Exchange Commission's request for clearer and more comprehensive filings for spot bitcoin ETFs. The updated filing includes plans for surveillance sharing agreements with Coinbase.

While Fink considers bitcoin a valuable asset for international investment and alternative options, he clarified that he does not personally own any bitcoin.

BlackRock initiated the filing for the bitcoin ETF on June 15, with other asset managers like Fidelity quickly following suit. Following these developments, the price of bitcoin has risen by 19% over the past month, according to CoinGecko.


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