Adding to the flurry of events in the crypto industry, BlackRock (NYSE: BLK), the world's largest asset manager, filed for a Bitcoin exchange-traded fund (ETF) last week. 

BlackRock's application sent shockwaves through the industry, amplified not only by its prominence in the global economy but also by the timing, coming just days after the Securities and Exchange Commission (SEC) filed lawsuits against major players like Coinbase Global and Binance. Regardless of the timing, if BlackRock successfully enters the Bitcoin market, it has the potential to serve as a catalyst for a Bitcoin boon.

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Source Fool.com