BlackRock: Spot Bitcoin ETF "Faces Stablecoin Risks"

According to ChainCatcher, Finbold reports that asset management giant BlackRock has indicated that its Bitcoin spot ETF under review is indirectly exposed to stablecoin risks. BlackRock noted that while the trust fund itself does not invest in stablecoins, it may be affected by the risks that stablecoins pose to the Bitcoin market and other digital asset markets, particularly stablecoins like USDT and USDC, whose market volatility could significantly impact Bitcoin prices.