In this issue of the Bloomberg Crypto newsletter, Tanzeel Akhtar explains why a Bitcoin “first” failed to excite:
The topic that transfixed the crypto world this summer wasn’t some new invention, scandal or meme-coin rally (or wipeout). Rather, all eyes were on the SEC — and more precisely, whether the US securities regulator-turned-crypto bogeyman would finally approve an exchange-traded fund tied to the spot price of Bitcoin. After all, one of the applicants was none other than the mighty BlackRock.