BlackRock Warns of Quantum Threat to Bitcoin ETFs’ Security

BlackRock has taken a bold step by highlighting quantum computing as a potential threat to the security of Bitcoin ETFs in its latest regulatory filing. This marks a first-of-its-kind disclosure, underscoring the growing concern over the future impact of this emerging technology on blockchain cryptography and Bitcoin’s integrity. 64 billion dollars in assets under management for IBIT, the largest Bitcoin ETF, highlights the significant impact of this new threat.