Unpopular Opinion: BlackRock Application for a Spot Market-Based Bitcoin ETF Is Not a Good Thing for the Bitcoin Revolution.

It could even be the start of a large-scale government attack on the Bitcoin system...

575-1.

This is not the record of a team in a professional sport over several seasons, but instead BlackRock's record against the SEC in its ETF applications.

That's right. Out of 576 ETF applications, BlackRock has won 575 from the SEC. Quite a remarkable record, isn't it?

So, BlackRock's just-filed SEC application for a spot market-based Bitcoin ETF has g…