Don `t be surprised! Apparently BlackRock Invests In Big Mining Companies!

<p>&nbsp;"Remind me to apply for spot BTC ETF only, but BlackRock invests in crypto-related companies as well."</p><p><br /></p><p>It's already known that the cryptocurrency market reacted positively when BlackRock applied for a spot Bitcoin (BTC) ETF, and this time the investment management firm is said to have a significant stake in a BTC mining company.</p><p><br /></p><p>In the past, Fidelity and Vanguard have also reportedly made similar moves to BlackRock by buying shares in BTC mining companies.</p><p><br /></p><p>Please be informed that BlackRock which is the largest asset manager in the world has not only held over half a billion dollars of shares in BTC mining companies but also publicly listed firms.</p><p><br /></p><p><br /></p><p>Revealed by an affiliate of environmental non-profit organization Greenpeace International called Greenpeace USA in August 2023, BlackRock appears to be heavily invested in large publicly traded mining companies.</p><p><br /></p><p>The investment is essential for mining companies to access financing for their energy-intensive facilities.</p><p><br /></p><p>In 2022, BlackRock launched a private BTC trust that allowed institutional investors to gain exposure to crypto plus they also filed a spot BTC ETF application with the Securities and Exchange Commission (SEC).</p><p><br /></p><p>Any chance of its approval in the near future could push the crypto price to bounce back from its recent slump.</p><p><br /></p><p>It is well known that Greenpeace once explained in a report on August 14, 2023 that the energy consumption and carbon emissions of the top digital assets increased as BTC prices and trading volumes also surged.</p>