Giant Finance Firms See Bitcoin Going Mainstream

Major financial institutions are applying to launch Bitcoin exchange-traded funds (ETFs) in the U.S., signaling growing acceptance of cryptocurrency on Wall Street.
BlackRock, the world’s largest asset manager, has applied for permission to launch a spot Bitcoin ETF and considers crypto “digitizing gold.”
Fidelity Investments, Schwab, Citadel Securities and other big players are backing new crypto trading platforms, planning to make digital assets more accessible to investors.
The entrance of traditional finance giants has fueled a rally in Bitcoin and overall optimism in the crypto market.
BlackRock CEO Larry Fink sees crypto "revolutionizing" finance and providing new opportunities, a major shift from his previous skepticism.