"BlackRock's Anticipated Bitcoin ETF Approval Could Ignite a $2 Billion Crypto Investment Surge"

BlackRock, the world's largest asset manager, anticipates the SEC's approval of its spot Bitcoin ETF application next Wednesday, as reported by Fox Business. This move could potentially bring billions into the cryptocurrency sector and reflects the market's enthusiasm for direct bitcoin trading products. However, there are concerns about the volatility and regulation of Bitcoin, with some groups warning against the approval. BlackRock is also planning to reduce its workforce by 3%, which amounts to around 600 jobs.