BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) is significant for the Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... market. BlackRock’s application has been added to the official docket of the Securities and Exchange Commission (SEC), marking progress in the proposed rule change process. This particular Bitcoin ETF application has garnered significant attention, making it one of the most closely-watched proposals to date.