$BTC There are different sources of information on whether BlackRock will participate in the Hong Kong Bitcoin spot exchange-traded fund (ETF): 1. Bloomberg report: Bloomberg quoted people familiar with the matter as saying that BlackRock plans to participate in the Hong Kong Bitcoin spot ETF market and is expected to inject about US$2 billion in funds on the first day of listing. This news shows that BlackRock has shown a positive attitude towards the market and may become one of the important participants. 2. Valkyrie statement: Valkyrie did not directly mention whether BlackRock will participate in the Hong Kong Bitcoin spot ETF in its official statement, but emphasized the development and market performance of its own Bitcoin ETF products. This shows that Valkyrie may be a participant independent of BlackRock. 3. Bitwise report: The report released by Bitwise mentioned multiple Bitcoin spot ETF products, but did not clearly indicate whether BlackRock was involved. The report mainly focused on the first-day fund inflows of different Bitcoin ETFs on the market, as well as the investment strategies and market performance of these products. 4. Galaxy Research forecast: Galaxy Research's report predicted the overall fund inflows in the Bitcoin spot ETF market, but did not mention whether BlackRock was involved. The report mainly focuses on the development trend and future potential of the Bitcoin ETF market. Based on the above information, although Bloomberg's report suggests that BlackRock may participate in the Hong Kong Bitcoin spot ETF market, other sources have not provided direct evidence to support this view. Considering BlackRock's position in the global asset management industry and its layout in the field of cryptocurrency, the possibility of its participation in the Hong Kong Bitcoin spot ETF market cannot be ignored. However, whether to participate in the end and the specific form of participation still need to wait for BlackRock's official statement or the disclosure of relevant regulatory documents. When making investment decisions, investors should take official information as the basis and make comprehensive judgments based on market dynamics and professional analysis.