BlackRock, the world's largest asset manager with over $9 trillion in assets under management, files an application with the SEC for a spot Bitcoin ETF (iShares Bitcoin Trust). The filing sent Bitcoin's price surging.
After years of SEC rejections of spot Bitcoin ETF applications, BlackRock's entry changed everything. With a near-perfect ETF approval record, BlackRock's filing signaled that institutional Bitcoin adoption had reached the highest levels of traditional finance. The ETF was approved in January 2024.
Wikipedia: Bitcoin ETF