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BlackRock Inc. has a nearly perfect track record when it comes to filing for and launching exchange-traded funds, which is spurring hopes that its try for a Bitcoin ETF might also get regulatory approval after years of rejections.
The world’s largest asset manager has filed for roughly 550 funds and been rejected for just one of them, according to data from Eric Balchunas and James Seyffart at Bloomberg Intelligence. That is being seen by some as evidence BlackRock is confident it could get regulatory blessing for the first-ever Bitcoin spot fund in the US, which slews of other issuers over the past decade have failed to achieve.
