Since BlackRock has ties in many government departments, the fact that they have applied for a spot ETF suggests that it could be approved. It's also possible that they found out that the SEC probably won't win the Grayscale court case, which could force them to accept the spot ETF. Since Fink is on the WEF management board, it could also be seen as another political move by globalists. One possible possibility is that BlackRock buys a large amount of mining power, although it is not clear if this is possible, and then starts a fork. By having power over most miners, they could give the new chain the highest hash rate and maybe even take over the BTC ticker. As a result, the new chain would become known as Bitcoin, while the original Bitcoin would become just another cryptocurrency. Only time will show what will really happen. It's important to note that this would be the second move to take over the chain after the blocksize war. These points are only my opinion and guesswork.