BlackRock, a major American investment company, has secured a commercial license to expand its business in the UAE. This could potentially lead to another surge in major cryptocurrencies, such as Bitcoin. BlackRock recently launched a Bitcoin ETF called iShares Bitcoin Trust ETF with over $42 billion in net assets, and is now seeking regulatory approval to operate under the jurisdiction of ADGM.
This could signal the company’s interest in the Middle East market and its potential to grow.