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BlackRock is Trying to Fork Bitcoin ($BTC): Rumours
Recent reports have been circulating online claiming that the world’s top fund manager, BlackRock, is attempting to fork the Bitcoin network and potentially control it. According to these unconfirmed rumors, BlackRock aims to shift the Bitcoin blockchain network to a desired forked network.
The alleged plan gained traction after an X (formerly Twitter) user shared a screenshot of BlackRock’s filing with the Securities and Exchange Commission (SEC), which they claimed supported their theory. The provided screenshot allegedly shows that BlackRock may have to make a decision regarding a fork, but some crypto enthusiasts believe that this move would be negative.
It is crucial to note that BlackRock’s CEO, Larry Fink, had previously expressed interest in Bitcoin by filing for a Bitcoin spot ETF product ($IBIT) and securing regulatory approval from the SEC. Currently, BlackRock manages nearly $54 billion in net assets on behalf of its Bitcoin spot ETF ($IBIT).
Source: bitcoinik.com
