According to a close source, global investment bank BlackRock is nearing the submission of an application to launch a Bitcoin Exchange-Traded Fund (ETF). This move is expected to be significant in establishing Bitcoin as an official investment tool, as it would allow investors to benefit from Bitcoin price movements without the need to directly own the currency.

If the ETF application is approved, investors will be able to participate in the Bitcoin market by buying and selling shares of the fund, providing them with ease and speed of access to this emerging class of digital assets.

This step is considered a recognition by the world’s largest investment company of Bitcoin’s ability to achieve stability and sustainable growth in the financial market.