Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook

“An estimated 20% of Americans now own bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” Sui Chung, CEO of CF Benchmark, told CoinDesk. said in an email. “BlackRock’s growing engagement shows that bitcoin remains an asset of interest to some of the world’s largest financial institutions.”