Wall Street Embraces Crypto: BlackRock Backs Bitcoin Despite Regulatory Crackdown, SEC Ruling Opens Door for Spot BTC ETFs

Bitcoin and crypto prices have struggled this year amid U.S. regulatory crackdown, but Wall Street giants like BlackRock now support crypto.

U.S. SEC will reportedly not appeal court ruling that it was wrong to reject a Grayscale Bitcoin ETF application.

This could open the floodgates for other asset managers like BlackRock and Fidelity to launch spot Bitcoin ETFs.

BlackRock CEO Larry Fink predicts crypto will "transcend" the U.S. dollar and "revolutionize finance."

Bitcoin's next "halving" event in 2024 expected to cause major crypto price volatility.