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BlackRock fined $2.5M by SEC for incorrect investment disclosure

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BlackRock agreed to pay a $2.5 million penalty for the incorrect investment disclosure agreement.

Although the investment was unrelated to the crypto ecosystem, the world’s largest asset manager has been in the crypto limelight for its proposed spot Bitcoin ETF.The SEC charges against BlackRock for investment discourse failure came on the same day as its spot Bitcoin exchange-traded fund was noticed listed on theiShares Bitcoin ETF listing on DTCC. Source: DTCC

Bloomberg ETF analyst Eric Balchunas called DTCC listing “all part of the process” of bringing a crypto ETF to market. However, within hours of the DTCC listing, the spot Bitcoin ETF wasthat iShares Bitcoin ETF has been listed on the platform since August, and said the move is not indicative of any regulatory approval.Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto

 

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