BlackRock to cut 3% of its workforce before Bitcoin ETF deadline: report

black rock East would have together has to break THE news has 600 employees In THE future days, in the middle of hope For THE approval of It is place Bitcoin ETFs application.

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THE of the world the biggest active director, black rock, East would have planning has reduce It is global Workforce by around 3% This week.

This come in the middle of BlackRock expectations of receive favorable news Since THE United States Securities And Exchange Commission (SECOND) concerning It is place Bitcoin (BTC) exchange traded funds (ETF).

According to has A report Since Fox Business on Jan. 6, quoting people familiar with THE matter, around 600 employees will be laid disabled as part of routine internal adjustments, And will be determined by employee performance on THE pass twelve month.

In addition, black rock would have anticipates THE approval of It is Bitcoin ETFs application on Jan. ten – THE even day that THE SECOND has A deadline approve Or dismiss THE ARK 21 Actions place Bitcoin ETF

However, THE DRY deadline For Black Rock Bitcoin ETFs application is not it until Jan. 15.

This come After A rushing of amendment shapes were deposit by place Bitcoin ETFs candidates has THE SECOND This week.

On January 5, black rock submitted A 19b-4 amendment For It is place BTC ETFs application.

All right. @Roche noir 19b-4 amendment East In Also. To wait for has see 11 of these This evening: https://t.co/ZWRs5SX8Jl pic.twitter.com/6ztAlBbH2s

— James Seyffart (@JSeyff) January 5, 2024

THE deposit was ...