BlackRock Warns of Quantum Computing Threat to Bitcoin ETFs

Asset manager BlackRock has flagged quantum computing as a potential risk to the security and integrity of Bitcoin’s blockchain network, specifically in the context of its iShares Bitcoin ETF (IBIT). The firm’s updated registration statement acknowledges the possibility that advancements in quantum computing could render current cryptographic algorithms obsolete. Blackrock emphasizes this risk for the first time in their IBIT filings.