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MASSIVE Bitcoin ETF scandal (BlackRock and JP Morgan)GBTC is expected to lose further funds to newly created ETFs unless there is a meaningful cut to its fees, the report said. BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF News reported on Thursday, citing people familiar. Larry Fink, CEO of BlackRock � the biggest asset manager in the world � thinks it's just the first step toward a new financial world. ETFs were.